Top Ten Videos to watch

Hillary Clinton Campaigns In Louisville, Kentucky
Worried black businesswoman at desk
Tyler Perry And Soledad O'Brien Host Gala Honoring Bishop T.D. Jakes' 35 Years Of Ministry
Teacher with group of preschoolers sitting at table
FBI Officials Discuss Apprehension Of Explosions Suspect After Three-Day Manhunt
NFC Championship - San Francisco 49ers v Atlanta Falcons
US-POLITICS-OBAMA
Protests Erupt In Chicago After Video Of Police Shooting Of Teen Is Released
24673281
US-VOTE-DEMOCRAT-SANDERS
Nine Dead After Church Shooting In Charleston
Portrait of senior African woman holding money
Medicare
President Bush Speals At Federalist Society's Gala
Police
Police Line Tape
Senior Woman's Hands
Police officers running
New Orleans Residents Return to Housing Projects
David Banner
2010 Jazz Interlude Gala
Couple Together on Sidewalk
US-VOTE-2012-ELECTION
Police
Serious decision
HIV Testing
Closing Arguments Held In Zimmerman Trial
Student Loan Application Form
Donald Trump in Nevada.
Hearing Held For Charleston Police Officer Who Shot And Killed Walter Scott
Leave a comment

ImageServe

WASHINGTON — Call it the $6 billion boycott.

By boycotting a key House committee vote last week and threatening to abandon support for banking regulations, members of the Congressional Black Caucus got $4 billion added to a Wall Street regulation bill and $2 billion to a proposed House jobs bill in spending they sought for African American communities.

House Financial Services Committee Chairman Barney Frank, D-Mass., this week inserted $3 billion to the legislation to provide low-interest loans to unemployed homeowners in danger of foreclosure. He added $1 billion for neighborhood revitalization programs.

The money would come out of the $700 billion financial rescue fund.

“For those of us who walked out, it was absolutely essential that we have parts of that legislation directed toward helping people who have been left out of all of these bailouts,” Rep. Emanuel Cleaver, D-Mo., one of 10 black caucus members in the Financial Services Committee, said.

The proposed jobs bill targets $1 billion from infrastructure spending for public housing repairs. It also provides $1 billion for an affordable housing trust fund.

With 40 members in the House, the Congressional Black Caucus can be a potent force.

“Since last September, we have continuously voted for bailout and reform for the very institutions that created this devastation, without properly protecting the African-American community or small business,” Rep. Maxine Waters, D-Calif., said on the day of the boycott. “That stops today.”
Among the caucus’ demands were greater assistance for minority-owned auto dealerships and banks that lend in African-American communities and more government advertising in minority-owned media.

RELATED STORIES

Obama Dismisses Criticism From The Congressional Black Caucus

Jesse Jackson Says To CBC You Can’t Be Black And Be Against Health Care