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The House will consider the Emergency Economic Stabilization Act tomorrow morning.
Democrats are continuing to work around the clock in a bipartisan way on legislation to address the economic crisis.
I am talking with my House colleagues about the Senate action and how to best proceed taking that into consideration and determining what action in the House will be most successful.
Democrats remain focused on how we can work towards a bipartisan response to the economic crisis facing our nation.
As I said on the House floor, today was a very consequential day. We are facing a severe economic downturn, and it was crucial for Democrats and Republicans to come together to support the financial rescue plan put forward by President Bush and Secretary Paulson.
At this time, the House is scheduled to meet at noon on Thursday. However, whether the House will consider legislation regarding the economic crisis has not been determined.
I applaud the House’s passage of the Iran Sanctions, Accountability, and Divestment Act, a bill aimed at curtailing Iranian aggression through sanctions and divestment.
The financial crisis we are facing would have repercussions far beyond Wall Street—it could endanger the economic security of millions. Crisis or not, we are facing an economic downturn that is very real, one that speaks poorly of the President’s economic stewardship.