WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) attended a Senate Committee on Finance briefing with Federal Reserve Chairman Ben Bernanke. Chairman Bernanke updated the members on how potential sequestration would impact the economy at the beginning of next year.
Cantwell released the following statement on the meeting:
"Today’s meeting with Chairman Bernanke further highlighted the need for Congress to address the fiscal cliff,” Cantwell said. “Democrats and Republicans need to work together and compromise on a bipartisan plan to avoid the automatic sequestration cuts that would hurt Washington state’s economy. This plan should continue investments in proven job programs, while making government more effective by cutting waste, bringing troops home from Afghanistan and eliminating $20 billion in subsidies to big oil companies."