Economic Recovery Measures

On Friday evening, the FDIC reported that it has taken over an additional bank ( First American State Bank of Minnesota) for a cost to the FDIC of...

No Limit to Ploys in House Rules – The House raised the debt limit to $14.3 trillion on Thursday using a procedure that allowed members to approve the...

Earlier this week, four Fed lending facilities came to a close (see Fed release here), as previously announced, in light of improved conditions in...

On Friday evening, the FDIC reported that it has taken over an additional five banks ( American Marine Bank, First Regional Bank, Community Bank and...

On Friday evening, the FDIC reported that it has taken over an additional five banks ( Columbia River Bank, Evergreen Bank, Charter Bank, Bank of...

Nobel Laureate Joseph Stiglitz stopped by New America this week to discuss his new book "Freefall", about our economic and financial crisis. For the...

On Friday evening, the FDIC reported that it has taken over an additional three banks ( Barnes Banking Company, St. Stephen State Bank, Town Community...

At the start of the new decade, one in every ten Americans is unemployed. By broader measures of unemployment (including discouraged workers who may...

President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...

The Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day of...

The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7 billion...

On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...