Economic Recovery Measures
Latest
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The Lehman Collapse -- One Year Later
This week marks the one year anniversary of the Lehman Brothers collapse, an event that both seriously destabilized and ominously ruptured the U.S...
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Fiscal Stimulus: The CEA Report and Beyond
Is the largest fiscal stimulus package adopted in U.S. history working? Is it worth the high fiscal cost in the future? With these questions in mind...
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Three More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over three additional banks ( Venture Bank, Brickwell Community Bank, and Corus Bank) for a...
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CEA Releases Report on the Economic Impact of the Recovery Act
The Council of Economic Advisers has just released their first quarterly report on the economic impact of the American Recovery and Reinvestment Act...
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Congressional Oversight Panel Reports on Bailout of Auto Industry
This morning, the Congressional Oversight panel released a report on the use of TARP funds to bailout the auto industry, stating that the federal...
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Budgeting through Footnotes
This morning, Lori Montgomery of the Washington Post reported on the decision of the Obama administration to incorporate $85 billion in tax breaks...
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The Ups and Downs of Buttressing the Economy
Yesterday, the Wall Street Journal posted an article discussing the FDIC’s soon-to-be urgent need to draw money from its $500 billion Treasury line of...
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Fiscal Space, Stimulus and Entitlement Cuts
Given the weak economy, how do we balance our need for economic stimulus now with our need to get our fiscal house in order to prevent the age and...
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FOMC Leaves Stance Unchanged
August 12 - The key Fed policymaking body, the Federal Open Market Committee (FOMC), released its statement today following its regularly scheduled...
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Top Senate Democrats Look to Reinforce Cash for Clunkers Before Recess
August 5 - Harry Reid and other top Senate officials are confident that a vote to extend the Car Allowance Rebate System (Cash for Clunkers program)...
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Second Quarter U.S. GDP and the Stimulus Package
July 31 - U.S. real GDP declined by 1.0% (annual rate) in the second quarter, the fourth straight quarterly drop, according to today's report by the...
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Fed Chairman Bernanke Reports to Congress
July 21 - Federal Reserve Board Chairman presented his twice a year monetary policy testimony and the Fed's semi-annual monetary policy report to...