In this public address, U.S. Senator Jeff Merkley will focus on housing as a key component to reviving the economy.
“Four years ago, the U.S. government acted quickly and boldly to rescue major financial institutions. However, we have not done nearly enough for American families who are struggling with the downturn in the housing market,” Merkley said. “There are millions of Americans trapped in high-interest mortgages, and that’s not just bad for them, it’s bad for neighborhoods hit by foreclosures and it’s a huge anchor on our economy. A bold solution to help these families refinance is the fastest way to get our economy back on track.”