Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E.Read more

U.S. Sen. Robert Menendez (D-NJ) is urging Treasury Secretary Geithner and Federal Reserve Board Chairman Bernanke to take early and forceful measures to address the rapid decline of the commercial real estate market and its potentially devastating effects on the broader economy. This sector is currently facing primarily two significant hurdles that could pose risk to the economy:

1. Increase in commercial vacancy rates, mortgage defaults, and foreclosure rates.Read more