Latest News
Senator Warner expressed disappointment today that the director of the government-supported home mortgage companies Fannie Mae and Freddie Mac still declines to allow targeted write-downs on delinquent mortgages. Federal Housing Finance Agency director Ed DeMarco has said he sees no benefits for the taxpayers through loan modifications that write-down debt.
Washington Post: CEOs and Simpson-Bowles 3.0
Jul 21 2012
Anyone watching the Washington budget debate over the past decade must have wondered why there didn’t seem to be any grown-ups in the room — someone who could cut through what Honeywell’s Dave Cote calls the “hysteria, histrionics and hyperbole” and force the bickering children to agree on a reasonable compromise.
Waiting for Congress = Waiting for Godot.
Jul 17 2012
Federal Reserve Chairman Ben Bernanke on Tuesday delivered his twice-a-year testimony to the Senate Banking Committee. The Fed Chairman nodded in agreement when Senator Warner noted that a $4 trillion reduction in the federal debt over 10 years is relatively modest compared to the austerity being asked of citizens in the U.K. and across Europe.
Politico: Congress must back Ex-Im Bank
May 08 2012
It is not often that the U.S. Chamber of Commerce, the National Association of Manufacturers, organized labor and small-business executives can agree. However, all these groups in March joined in urging the Senate to reauthorize the Export-Import Bank. Unfortunately, that effort was unsuccessful — though the bank helps support nearly 300,000 U.S. jobs.
As finance chiefs from around the world turn-up the heat on Europe to do more to prevent Greece's debt crisis from infecting the world economy, Senator Warner chaired a Banking subcommittee hearing to hear from a range of experts about what the crisis could mean for the struggling U.S. economy.
Support is growing for the Gang of Six deficit and debt reduction plan. Northern Virginia Republican Congressman Frank Wolf and Tennessee Democrat Jim Cooper are asking House Speaker John Boehner applauding the plan and calling for the “full and immediate attention of the House of Representatives.”
What they're saying about the Gang of Six plan
Jul 20 2011
Here’s some reaction to the Gang of Six deficit reduction plan. Senator Warner, a leader of the Gang of Six group, has been working across the aisle to reduce the deficit and preserve entitlements since last year.
Announcing the BUILD Act
Mar 15 2011
U.S. Sens. Mark R. Warner (D-VA), Kay Bailey Hutchison (R-TX) and John Kerry (D-MA) announced today they will co-sponsor The BUILD Act creating a new infrastructure bank to help finance infrastructure projects. The BUILD Act, which will help close America’s widening infrastructure gap, create jobs throughout the next decade, and strengthen America’s competitive position, has the support of the AFL-CIO and the U.S. Chamber of Commerce.
Town hall in Charlottesville
Feb 11 2011
Senator Warner had a great conversation yesterday with employees at the State Farm operations center in Charlottesville. Employees were interested in his thoughts on government regulation and the economy, and the Senator also talked about his efforts to form a bipartisan coalition of colleagues to tackle the budget deficit and our nation’s spiraling debt.
Taking "wonky" questions at JMU
Sep 08 2010
Senator Warner started the day off talking business with business and finance majors at James Madison University's Forbes Center for the Arts.
