Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.
Peter WelchI favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.
Peter WelchThe rhetoric on the Hill is getting very heated and it's getting quite dangerous. The gun is at the head of the American economy and Congress is holding it and its got a hair trigger. We've got to pay our bills.
Peter WelchOne of the things I give Nancy Pelosi a lot of credit for is that she's able to get things passed and hold her members together because she shows us that she's doing everything possible to get our views into these bills.
Peter Welch