JONES CALLS ON SENATE TO OPPOSE YELLEN CONFIRMATION

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WASHINGTON, D.C. – Today, Congressman Walter B. Jones (NC-3) issued a statement urging the Senate to oppose Janet Yellen’s confirmation as the next Chairman of the Federal Reserve.

“As the Vice Chairman of the Federal Reserve, Janet Yellen has routinely advocated for the irresponsible, easy-money policies that have characterized current Chairman Ben Bernanke’s tenure,” said Congressman Jones. “Open-ended money printing is the wrong choice for the long-term health of our economy. Furthermore, Ms. Yellen’s confirmation would be particularly worrisome given that the Federal Reserve is not held accountable to any government entity. The naming of a new chairman represents a rare opportunity for Congress to exercise its authority, and I encourage my colleagues in the Senate to voice their disapproval with the current Federal Reserve policies by opposing Janet Yellen’s confirmation.”

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JONES DEFENDS ENC BASE COMMISSARIES

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WASHINGTON, D.C. – Today, Congressman Walter B. Jones (NC-3) defended the commissaries at Marine Corps Base Camp Lejeune and Marine Corps Air Stations Cherry Point and New River after receiving word that the Department of Defense (DoD) may be considering closing all stateside commissaries.  In a letter to Defense Secretary Chuck Hagel, Congressman Jones expressed his opposition to the prospect of closing the commissaries at a time when equal or greater cost savings could be achieved through reforms to the military acquisition system and cuts to the financial aid being sent to Afghanistan.

“Before denying our military communities a valuable resource, the Department of Defense should exhaust all other options to reduce spending,” said Congressman Jones.  “Not only will this save more taxpayer money over the long term, but it demonstrates our appreciation for the sacrifices that our service members and their families make on a daily basis.”  

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