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Unemployment Breaks 10% Barrier – Oversight Republicans Release Video Asking “Where are the Jobs?”

WASHINGTON. D.C. – Oversight and Government Reform Committee Republicans released a video today asking the Obama Administration a question that has gone unanswered for months:  “Where are the Jobs?”  The video was released as news broke reporting the nation’s unemployment rate rose in October from 9.8 percent to 10.2 percent – a loss of 190,000 jobs.

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Facts Defy Rhetoric – Unemployment Reaches 10.2 Percent Nationwide

We’ve saved jobs by closing state budget shortfalls to prevent the layoffs of hundreds of thousands of police officers, firefighters, and teachers who are today on the beat, on call, and in the classroom because of the Recovery Act. And we’ve also created hundreds of thousands of jobs through the largest investment in our roads since the building of the interstate highways, and through the largest investments in education, medical research, and clean energy in history.” – ...

Press Release
Issa, Bachus Request Information on Financial Health of FHA

WASHINGTON –Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) sent a letter to Housing Secretary Shaun Donovan requesting information on the financial health of the Federal Housing Administration (FHA).  FHA recently announced that its annual independent actuarial study is expected to show the capital reserve ratio dropping below the congressionally-mandated ...

Press Release
Could Federal Employees Be Forced into the Public Option?

Oversight GOP Repeats Call for Hearing on Healthcare Bill’s Uncertain Impact on Federal Employees WASHINGTON, DC – All 16 Republican Members of the House Oversight and Government Reform Committee today, in a letter to Chairman Edolphus Towns, called for the Committee to convene a hearing to examine issues including whether or not the bill could force 8 million Federal employees to either give up their existing insurance and ...

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Investment? What Investment…GAO Reports Taxpayers “Unlikely to Recover” Auto-Bailout “Investment”

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today regarding a new report released by the Government Accountability Office (GAO) evaluating the condition of the auto-industry and the more than $80 billion of taxpayer funds that have been “invested” in Chrysler and GM and reporting that “Treasury is unlikely to recover the entirety of its investment in Chrysler ...

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Issa, Chaffetz Call for Committee Probe of D.C. AIDS Program Abuses

WASHINGTON, DC – Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) and Federal Workforce, Postal Service, and the District of Columbia Subcommittee Ranking Member Jason Chaffetz (R-UT) today called for the Oversight Committee to launch an investigation into abuses of taxpayer dollars in District of Columbia programs intended to help AIDS patients. “Because of a lack of oversight, instead of the sickest and poorest getting the care they need, ...

Press Release
Health Care Held Hostage by House Democrats

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today after Speaker Nancy Pelosi (D-CA) and House Democrat Leaders unveiled H.R. 3962, a 1,990 page bill costing nearly $1 trillion that raises taxes, raises health care costs, punishes California, adds to our national debt while hurting America’s seniors, families and small businesses: “Despite months of townhalls in which millions ...

Press Release
Chairman Towns Issues Subpoena to Bank of America for Countrywide Documents

Washington, DC – House Committee on Oversight and Government Reform Committee Chairman Edolphus “Ed” Towns (D-NY) and Ranking Member Darrell Issa (R-CA) issued the following statements after Chairman Towns issued a subpoena to Bank of America for Countrywide Financial VIP program documents.  Chairman Towns and Ranking Member Darrell Issa agreed upon language for the subpoena that will begin to clarify unanswered questions about how the VIP program worked and ...

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Issa-Towns Reach Agreement on Countrywide Subpoena

WASHINGTON. D.C. – In December of 2008, House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) launched an investigation into Countrywide Financial Corporation’s infamous VIP and Friends of Angelo Program that exposed the inner workings of ...

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Facing Countrywide VIP Vote, Committee Democrats Abandon Mark-up

WASHINGTON, DC – Facing a Republican demand for a vote on subpoenaing Bank of America for the records of the Countrywide VIP program, the Oversight and Government Committee Majority today met in private for more than thirty minutes and decided to abandon a scheduled 2 p.m. committee mark-up at 2:35 pm without appearing on the dais to formally convened the meeting.  Republican members were forced to sit in the hearing room while Democrats mulled to position.  While the ...