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Press Releases

Mar 4, 2009

While Tripling Deficit, Obama Continues to Talk Fiscal Responsibility

WASHINGTON. D.C. – While speaking today about the need to reform the federal contracting and procurement process, President Obama talked about the fiscal disaster he “inherited” and spoke about the need to “turn the tide on an era of fiscal irresponsibility so that we can sustain our recovery.” “If President Obama wants to do more than cast partisan blame for deficits created and expanded in a slowing economy by Congressional Democrats he should ...

Mar 3, 2009

Issa Probes Conflict Between Countrywide VIP Program Documents, Sworn Testimony of Former Fannie Mae CEO

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today, released a letter to the attorney of former Fannie Mae CEO Franklin Raines advising him to revise statements in his testimony indicating that he did not receive preferential treatment as a “Friend of Angelo” and member of the Countrywide VIP program. “The involvement of Countrywide’s VIP unit in the refinancing of Mr. Raines’ mortgage and ...