STATEMENT: All Signs Point in the Wrong Direction

Washington, D.C. - U.S. economic growth estimates released today for the first quarter of 2008 show that all parts of our economy experienced slower growth compared to the previous quarter, even exports, which is especially troubling given the overall weak performance of all other sectors. The Department of Commerce’s Bureau of Economic Analysis’s advance estimates...

Experts available to discuss today’s GDP numbers and the new housing numbers

Contact: Sean Gibbons, 202-481-8228, sgibbons@americanprogress.org Experts available to discuss today's GDP numbers and the new housing numbers New Housing Numbers Underscore the Need for Action By Andrew Jakabovics | April 29, 2008 New housing numbers show that annual declines in house prices have hit record lows for the fifth consecutive month and the number of...

STATEMENT: New Housing Numbers Underscore the Need for Action

Washington, D.C. - New housing numbers show that annual declines in house prices have hit record lows for the fifth consecutive month and the number of properties in the foreclosure process in the first quarter of 2008 have doubled since last year. The need for congressional action is ever more urgent. The breadth of the...

RELEASE: The State of Minorities – How Are Minorities Faring in the Economy?

Washington, D.C. - Rapidly increasing amounts of debt, high job losses, skyrocketing gas and food prices, and a tidal wave of foreclosures are driving many American families to the edge of financial ruin. Although all U.S. households are hurt in the economic slowdown, Hispanic and African-American households are more vulnerable; they are likely to suffer...

STATEMENT: Genetic Non-Discrimination -Policy Considerations in the Age of Genetic Medicine

Washington, D.C. - The world stands on the brink of a genome-based personalized-medicine revolution, with individual Americans poised to be the greatest beneficiaries. An international research consortium that includes our country’s National Human Genome Research Institute recently announced its $50 million plan to sequence the genomes of at least 1,000 individuals from around the world....

STATEMENT: There’s More to College than Just Getting In

Washington, D.C. - April is a tense month for high school seniors and their parents. Hopes and dreams for a successful future lie in the college admissions (or rejection) letters that millions will receive this month, after which students and parents gather together to decide on their final choice. But for most students, getting into...

RELEASE: Record Gas Prices Add Pressure to Already Squeezed Consumers

Washington, D.C. - Prices at the pump have now soared to $3.51 per gallon for regular gasoline, according to the Energy Information Administration, easily shattering an inflation-adjusted record that has stood since March 1981. As gasoline prices rise quickly, consumers’ spending is further squeezed, driving them deeper into debt. Yet consumer credit is not as...

STATEMENT: Problems with Plastic – Credit Card Debt Hits Record High

Washington, D.C. - Amid the worsening U.S. housing crisis, lenders are tightening their mortgage standards, leaving only the most creditworthy borrowers able to take out new mortgages and tap new home equity lines of credit. That means more and more Americans are racking up record levels of credit card debt to make ends meet—tapping expensive...