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Oversight Leaders Demand Delphi Pension Documents, Consider Subpoena

WASHINGTON –Today, leaders on the House Oversight and Government Reform Committee pressed Treasury Secretary Jacob Lew to release documents related to the Delphi pension scandal and raised the possibility of using the compulsory process if the long-sought documents are not finally produced by August 5th. Committee Chairman Darrell Issa (R-Calif.), Subcommittee Chairman John Mica (R-Fla.) and senior Committee member Mike Turner (R-Ohio) sent ...

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Government Motors: A Preliminary Report on the Effects of Bailouts and Politics on the Obama Administration’s Ability to Protect American Consumers

The delayed public notification of serious safety concerns relating to the Chevy Volt raises significant concerns regarding the unnatural relationship between General Motors (GM), Chrysler and the Obama Administration. Rather than allowing GM and Chrysler to enter into a traditional bankruptcy process, the Obama Administration intervened and forced the companies to participate in a politically orchestrated process. The result was that GM and Chrysler emerged as quasi-private entities, ...

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Postal Crisis 101: The Postal Bailout

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Postal Reform Update: Next Steps for Saving the Postal Service

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Press Release
Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?

Oversight Chairman Issa Asks FHFA to Address Questions Raised about Purchase of Risky Portfolio with Deteriorating Value (WASHINGTON) – Fannie Mae, the government sponsored enterprise bailed out with billions in taxpayer dollars has agreed to buy a portfolio of high risk, deteriorating value loans from Bank of America (B of A). House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) has opened an investigation into this purchase and requested ...

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Doubling Down on Failure: Before Asking for a New Stimulus Package, Will the Obama Administration Admit that the First One Failed?

The House Oversight and Government Reform Committee has reviewed public-available data on the stimulus and prepared a comprehensive report that examines stimulus measures as well as how President Obama and his Administration “sold” the program to the public. On both accounts, stimulus failed.

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Saving the US Postal Service

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Press Release
Oversight Chairman Issa Statement on News of $1.3 billion U.S. Government Loss in Resolving Chrysler Bailout

(WASHINGTON)—House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) today released the following statement on news that the Obama Administration had closed the outstanding bailout loan to Chrysler at a $1.3 billion loss to taxpayers: "I am deeply disturbed to learn that the Obama Administration left $1.3 billion taxpayer dollars on the table in resolving its bailout of Chrysler. The Administration has sold out an American icon to a foreign company using TARP funds ...

Press Release
SIGTARP Audit Examining Auto Bailout Finds Obama Administration “Accelerated” Job Losses

WASHINGTON. D.C. – An audit that will be released tomorrow by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) entitled: “Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks" has found that it is unclear if the Obama ...

Press Release
Issa Responds to Van Hollen’s Warnings of Oversight in a Republican Congress

WASHINGTON. D.C. –Speaking to Huffington Post, Rep. Chris Van Hollen (D-MD), the Chairman of the Democratic Congressional Campaign Committee, joined the