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.
|12/19/13||Durbin Discusses Priorities for Creating Jobs and Growing America's Middle Class|
|12/11/13||Durbin: Biofuels Critical to Achieving Energy Independence, Protecting Our Environment, and Supportin Rural Economy|
|12/11/13||Durbin: Amtrak Ridership in Illinois is on the Rise|
|12/5/13||Durbin Visits Macomb Transit Facility|
|12/3/13||Durbin Tours Gifford Tornado Damage|
|12/2/13||Durbin Statement on Supreme Court Decision Not to Consider Online Sales Tax Collection Case|
|11/15/13||Durbin Statement on New EPA Renewable Standard Proposal|
|11/14/13||Durbin Announces Nearly $3.9 Million in HUD Funding for St. Clair County Housing and Community Development|
|11/14/13||Durbin, Gillibrand Introduce Legislation to Promote Entrepreneurship and Innovation Through 'Fab Lab' Network|
|11/14/13||Durbin, Franken Introduce Legislation to Help Make College Textbooks More Affordable|