Economic Recovery Measures
Latest
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Senate Approves Safety Net and Tax Break Extensions
The Senate has just approved, by a 62-36 vote, HR 4213, which extends unemployment compensation and COBRA benefits for the unemployed, along with many...
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Four More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional four banks ( Centennial Bank, Waterfield Bank, Bank of Illinois, Sun...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times called on Congress to do more to create jobs...
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‘Line’ Items: Oscars Edition
Temporary Tax Extensions Avoid “The Hurt Locker” – The Senate passed H.R. 4691, a 30-day extension of several expired tax breaks and unemployment and...
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Don't Circumvent PAYGO on Jobs Bill
The CBO released an updated cost estimate* of the Senate jobs bill yesterday. This larger bill calls for further increased funding for unemployment...
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Fed Purchases of Fannie/Freddie Assets Pass $1 Trillion Mark
For the first time since it began purchasing mortgage-backed securities, the Fed's holdings of federal agency MBS's passed the $1 trillion mark last...
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‘Line’ Items: A Lonely Road, Paying for Jobs
Highway to Nowhere – Sen. Jim Bunning (R-KY) has blocked a vote on temporarily extending unemployment and COBRA benefits, the Medicare “doc fix” as...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times chided Jim Bunning for holding up a bill that...
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Bunning is Right on Unemployment: “We Should Pay For It”
Last night, Senator Jim Bunning blocked an effort to pass a one-month “extenders” bill by unanimous consent. The bill includes temporary extensions of...
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CBO/JCT Reports Roundup
A number of very interesting and relevant government reports came out the week of February 22, 2010.
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IMF Paper Outlines Fiscal and Monetary Exit Strategies
The IMF just recently released a new report, Exiting from Crisis Intervention Policies, arguing that as the crisis winds down, it is more important...
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Accounting for Fannie and Freddie
An editorial yesterday in the Wall Street Journal called on the Administration to support the reform of the two housing financing enterprises...