Democratic Leaders to Convene Hearing on Economy Next Week

Posted December 31, 2008 at 12:39pm

Democratic leaders will hear testimony from top economists next week on what strategies could be enacted to help grow the ailing economy.

House Democratic Steering and Policy Committee Co-chairmen George Miller (Calif.) and Rosa DeLauro (Conn.) will hold a hearing on Jan. 7 regarding the need for a comprehensive recovery plan to create jobs and investment in the country’s infrastructure.

Speaker Nancy Pelosi (D-Calif.) said Wednesday in a release that the hearing will “build upon” the September stimulus package and will give lawmakers critical information to “ensure we make the necessary investments in an innovative and bold way to strengthen the economy.”

The panel will feature Mark Zandi, chief economist and cofounder of Moody’s Economy.com; former Secretary of Labor Robert Reich; Norman Augustine, one of the authors of “Rising Above the Gathering Storm”; Harvard economics professor Martin Feldstein; and Maria Zuber, professor of geophysics at the Massachusetts Institute of Technology.

“This hearing will help the new Congress take swift, effective action to create jobs, rebuild our economy, strengthen our competitiveness through strategic investments in education and lay the foundation for a robust and innovative future,” Miller said in a statement on Wednesday.

“Families are struggling, facing times tougher than they have ever been in recent memory,” DeLauro said in a statement. “This moment requires bold solutions that will drive economic growth and job creation directly.