McCollum Responds As Stock Market Plunges, Following Defeat of House Emergency Economic Bill

Press Release

Congresswoman Betty McCollum (MN-4) today released the following statement regarding the House vote on the bipartisan economic rescue legislation and the subsequent 777 point plunge of the stock market:

"This was a tough vote but our job in Congress is to make tough decisions and lead this country - especially when the financial future of every American family is at risk. The inaction of the Congress today caused a historic stock market free-fall that now puts our economy in even more danger.

"Unfortunately, a majority of my colleagues chose to protect their political futures, or their ideological purity, instead of protecting the home values, life savings and the retirement security of the families we represent. Congress needs to get back to work immediately because every job, every pension and every business in this country is at risk."

Congresswoman Betty McCollum (MN-4) serves on the Appropriations Committee and the Oversight and Government Reform Committee.

Source