Congressional Digest

Congressional Digest November 2008 No. 9 Vol. 87
Honorable Max Baucus

Forestalling Economic Disaster

Congress Responds to the Credit Crunch

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Honorable Max Baucus

United States Senator, Montana, Democrat

Senator Baucus was first elected to the U.S. Senate in 1978. He served in the Montana House of Representatives from 1973 to 1974 and in the U.S. House of Representatives from 1974 to 1978. He chairs the Finance Committee and sits on the Agriculture Committee, the Environment and Public Works Committee, and the Joint Committee on Taxation. The following is from the October 1, 2008, Senate floor debate on H.R. 1424, the Emergency Economic Stabilization Act. A cloud hangs over the American economy. It is a cloud made up of thousands of failures, and it is casting a shadow over…

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