Catholic Charities Action Alert

WHAT: Congress and the Bush Administration are working to craft a rescue package for the American financial services industry. As proposed the financial services recue would allow the Treasury Secretary to buy back bad mortgage debt and increase regulation of the investment banking sector. The proposed rescue package would cost taxpayers $700 billion dollars and legislation authorizing the plan is scheduled to be completed before Congress adjourns on September 26th.

ACTION NEEDED: Click on "Take Action Now" and enter your zip code to contact President Bush and your Members of Congress and:

• If Congress is going to spend $700 billion on Wall Street they can spend $50 billion of that on programs will assist low and middle-income Americans cope during these difficult economic times.
• The economic challenges facing our nation require an expedient and comprehensive response that includes both Wall Street and Main Street. This comprehensive economic recovery package is necessary to boost our economy and assist American citizens and businesses during this economic crisis.

BACKGROUND: For Catholic Charities USA's joint letter with the Catholic Health Association and the United States Conference of Catholic Bishop's, click here
For more information, please contact Desmond Brown, Senior Director of Government Affairs, at dbrown@catholiccharitiesusa.org or, Joseph Devine, Policy Analyst, at jdevine@catholiccharitiesusa.org .