The economic meltdown of 2008 began with abuses in the housing market and evolved into a Wall Street implosion, producing the worst economic downturn since the Great Depression. Since then, families across Illinois have struggled to make ends meet while facing the loss of their jobs, their homes, and their savings. Economists tell us that the recession is officially over, but it doesn’t feel like it for the millions of Americans looking for work.
Congress has taken several steps to jump start the economy since the fall of 2008, including passing the Recovery Act in the spring of 2009 and the agreement in late 2010 to provide tax cuts and unemployment insurance to millions of Americans. The economy is now growing, but too slowly.
Government can’t directly create all the jobs that America needs, nor should it.
But the federal government plays an important role. We invest in areas that promote long-term economic growth, where private markets won’t make the investments we need.
|2/22/11||Durbin speaks out against cuts in passenger rail service|
|2/18/11||Durbin Says House Cuts to Labs Would be Devastating; Vows to Continue Funding for Innovative Research in Illinois|
|2/17/11||Durbin, Reed, Brown Introduce Bill to Ensure Long-Term Stability of Unemployment Insurance|
|2/17/11||Durbin Stands With Wisconsin Workers|
|2/16/11||Durbin Asks DOT to Send Unused Federal Rail Money to Illinois|
|2/15/11||Durbin Expresses Support For Cape Air|
|2/13/11||Durbin Announces New Legislation to Ensure Long-Term Viability of Unemployment Insurance Program|
|2/10/11||Durbin and Kirk Statement on Five-Day Delay of O'Hare Lawsuit|
|2/9/11||Durbin Announces More Than $600,000 in FEMA Grant Funding to Illinois Fire Departments|
|2/9/11||Durbin Announces $840,000 in USDA Funding to Create Jobs in Mattoon|