McDermott Introduces ADA’s Corps Jobs Bill
With the latest unemployment numbers released last Friday (9.1%), it’s apparent that the employment rate for workers is in a state of crisis, especially for young workers. With over 3 million people between the ages 16- 24 years old out of work, finding jobs for our nation’s youth is a key to the long term recovery of the economy. Rep. Jim McDermott (D-WA) recently re-introduced ADA’s proposed legislation – the Corps Jobs Bill – as H. Res. 216. This bill proposes the expansion of 3 existing, highly-credible jobs programs for our youth – AmeriCorps, Job Corps, and the Peace Corps program. Learn more about H. Res 216 and take a moment to send this message to your Member of Congress.
Hitting the Debt Ceiling
Budget negotiators are scheduled to meet again this week to continue work on a deficit reduction plan that will clear the way for raising the Government’s debt ceiling. The Treasury is due to run out of borrowing authority August 2nd, at which point it won’t be able to raise the money it needs in the bond market to pay the bills. Since U.S. Treasury securities are a bedrock of the global financial system, even the possibility of default undermines world markets, threatens economic recovery, and damages our fiscal credibility. Republicans say they won’t vote for debt-limit increases without substantial progress on deficit reduction, but remain rigidly opposed to the tax increases most observers acknowledge are necessary to close the budget gap.
The House Moves on Libya
In a parliamentary maneuver, the U.S. House of Representatives passed a resolution directing the Obama Administration to provide a detailed report on the strategy and objectives of U.S. support for the NATO campaign in Libya. The resolution passed 268-145 in a bipartisan vote, and was a weaker version than the one offered by Rep. Dennis Kucinich (D-OH) who proposed ending U.S. support for the effort in 15 days. The Kucinich proposal failed on a vote of 148-265.
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