Rep. Maxine Waters

Waters Warns Chair Powell About Consequences of Interest Rates Hike

Following the Federal Reserve’s recent decision to increase the federal funds rate by 0.75 percent to a target range of 3.75 percent to 4 percent – marking the sixth consecutive rate hike and the fourth consecutive super-sized rate hike in just the past eight months – Congresswoman Maxine Waters, chairwoman of the House Financial Services Committee, sent a letter to Federal Reserve Chair Jerome Powell on Nov. 4. In the letter, Waters urges Chair Powell to consider the significant pain that these rate increases may inflict on families across the country and the impact these increases are having on the cost of housing, which

African American and Community Leaders Speak Out on SCOTUS Roe Reversal

African American leaders across the nation largely condemned the U.S. Supreme Court ruling issued on June 24, overturning the federal abortion protections of Roe v. Wade, with some describing the action as a “pro-policing of women’s bodies” and a move to “criminalize Black women.” The 5-4 ruling overturns a 49-year-old landmark decision and puts abortion policy at the discretion of states, many of which have restricted or outlawed the procedure in recent months. Issuing a strong reaction to the SCOTUS ruling, Congresswoman Maxine Waters declared, “I stand in solidarity with the 36 million women being stripped of their right     to

Black America Needs a ‘New Normal’: Equitable Credit Access to Build Wealth

Although many officials have called for a ‘return to normal’, millions of small businesses and communities need something new instead. In Black America especially, the ‘old normal’ never delivered equitable access to wealth-building opportunities as those that well-served served much of White America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and other people of color.

Black America Needs a ‘New Normal’: Equitable Credit Access to Build Wealth

Over the past year, the COVID-19 pandemic has imposed dual crises. Over 542,000 Americans lives were lost and continue to increase. At the same time, the rippling effects of a massive economic downturn has caused the nation to lose 9.5 million jobs – more losses than even those of the Great Recession, finds the University of New Hampshire’s Carsey School of Public Policy.   

Rep. Waters to Request Federal Investigation into Andres Guardado’s Death

  Rep. Maxine Waters said today she will formally request U.S. Attorney General William Barr investigate the killing of 18-year-old Andres Guardado by a sheriff’s deputy near Gardena as a civil rights violation.

   “Enough is enough,” Waters said in the announcement, a day after multiple sheriff’s department officials declined to answer questions during the Los Angeles County coroner’s office inquest into Guardado’s death. The officials cited advice from attorneys.

Vice President Joe Biden & Sen. Kamala Harris Endorse Rep. Maxine Waters for Congress

Today, former Vice President Joe Biden and Senator Kamala Harris announced their support of Congresswoman Maxine Waters who is running for reelection to Congress from California’s 43rd Congressional District. The 43rd Congressional District of California includes a large part of South Central Los and the diverse cities of Gardena, Hawthorne, Inglewood, Lawndale, Lomita and Torrance.

Rep. Waters Announces CARES Act Grants for Metro, Torrance Transit and Gardena GTrans

Congresswoman Maxine Waters (CA-43), Chair of the House Financial Services Committee (FSC), announced that the Federal Transit Administration (FTA) provided grants to each of the three transit agencies that serve her congressional district.  The grants were funded by the CARES Act, a $2 trillion economic security package that included several provisions drafted by Congresswoman Waters in her capacity as the Chair of FSC.

Congressional Black Caucus Leads Discussion on Resources for Small Businesses

As days go by, Americans are learning that billion-dollar corporations are receiving funding from the Paycheck Protection Program which was intended to provide Federal Government assistance to help small businesses due to COVID- 19.   The $349 Billion Paycheck Protection Program designed for small businesses, was depleted within two weeks with thousands of small business not receiving any of the funds. Meanwhile, large restaurant chains Shake Shack and the parent company of Ruth’s Chris Steak House, benefited millions from the program. Both companies have since returned the funding. However, over 200 corporations have decided to keep the funding, including Bennett

Rep. Waters Slams Surgeon General Jerome Adams for Offensive Comments During WH Coronavirus Briefing

Congresswoman Maxine Waters (CA-43) issued a statement condemning the highly offensive White House Briefing Room remarks by U.S. Surgeon General Jerome Adams who singled out African Americans, saying they should avoid “alcohol, tobacco, and drugs,” and encouraged minorities to “do this, if not for yourself, then for your abuela. Do it for your granddaddy, do it for your Big Mama, do it for your pop-pop.” Her statement follows:

Rep. Waters Statement on the Passing of Bill Withers

“I am among the millions of fans around the world who are mourning the loss of a musical genius and rhythm and blues legend: the incomparable Bill Withers. Bill Withers’ music is a part of the soundtrack of our lives. He chronicled the joy of deep and enduring love when he sang ‘Just the Two of Us,’ and voiced the pain of profound heartache when he sang ‘Ain’t No Sunshine.’ He lifted our spirits when he declared that today would be a ‘Lovely Day,’ and inspired strength and hope when he sang ‘Lean on Me.’

2020 Census Alert: A Message from Rep. Maxine Waters

Congresswoman Maxine Waters (CA-43), Chair of the House Financial Services Committee, issued an urgent message to the community about the 2020 U.S. Census on April 1st, which is recognized across the country as Census Day. “Whether you are a student, parent, veteran, senior, or working professional, this message is for you! Your household will receive an invitation to fill out a short questionnaire from the U.S. Census Bureau in the mail. It is imperative that you complete this form and respond to the Census Bureau online, by phone, or by mail. “The 2020 Census will be used to determine the

Rep. Waters Demands U.S. State Department Provide Immediate Assistance for Americans Stranded in Morocco

In direct response to calls from her constituents, Congresswoman Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee, sent a letter to U.S. Secretary of State Mike Pompeo demanding that the Department provide immediate assistance to a resident of the 43rd District as well as approximately 3000 American citizens who are stranded in Morocco. The Trump administration has failed to provide guidance and assistance to Americans who are stranded in Morocco following the Moroccan government’s decision to close its border in response to the coronavirus pandemic. “It is absolutely shameful and utterly unconscionable that, in the time of a

Impeaching a President

“An impeachment process is a viable option for the current House of Representatives given that the hearings will force several people in or close to the Trump Administration to testify before Congress under oath,” said D. Gilson, a writer who has taught popular cultural studies.

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

“Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook’s digital wallet – storing potentially trillions of dollars without depository insurance– also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. The system could also provide an under-regulated platform for illicit activity and money laundering.”