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Category Archives: Financial System

Pew – A Divided and Pessimistic Electorate

Pew Report – Voters skeptical of progress in many areas – even jobs – since 2008. “Beyond their disagreements over specific policy issues, voters who supported President-elect Donald Trump and Hillary Clinton also differed over the seriousness of a wide array of problems facing the nation, from immigration and crime to inequality and racism.” Continue Reading

Pew – Gig Work, Online Selling and Home Sharing

24% of Americans report earning money from the digital ‘platform economy’ in the past year. The extra income they make is a luxury for some, but a necessity for others. “From neighborhood handymen to freelance computer programmers, Americans have long taken on piecemeal work in lieu of (or in addition to) traditional salaried employment. But… Continue Reading

CRS – Iran Sanctions

Iran Sanctions, Kenneth Katzman, Specialist in Middle Eastern Affairs. November 16, 2016. “The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides Iran broad relief from U.S., U.N., and multilateral sanctions on Iran’s energy, financial, shipping, automotive, and other sectors. Sancti ons were suspended or lifted upon the… Continue Reading

GAO Reports – Drug Compounding, Federal Housing Finance Agency, Hazardous Materials Rail Shipments, Youth with Autism

Certificated Expenditures: Executive Office of the President Fiscal Year 2015 Certificated Expenditures Were Spent for Authorized Purposes, GAO-17-116R: Published: Nov 17, 2016. Publicly Released: Nov 17, 2016. Drug Compounding: FDA Has Taken Steps to Implement Compounding Law, but Some States and Stakeholders Reported Challenges, GAO-17-64: Published: Nov 17, 2016. Publicly Released: Nov 17, 2016. Federal… Continue Reading

U.S.-China Economic and Security Review Commission 2016 Annual Report to Congress

11/16/2016 – “The U.S.-China Economic and Security Review Commission has released the 2016 Annual Report to Congress. This year’s report covers Chinese overcapacity, investment in the United States, state-owned enterprise reform, China’s military buildup, espionage threats to the United States, and China’s relationship with the world (including a special focus on Hong Kong, Taiwan, South… Continue Reading

Comparison of CBO’s Long-Term Projections With Those of the Social Security Trustees

“On September 21, 2016, the Subcommittee on Social Security of the House Committee on Ways and Means convened a hearing at which Director Keith Hall testified about the differences in the timing and magnitude of the financial shortfalls that CBO and the Social Security Trustees project for the Social Security system. After that hearing, Chairman… Continue Reading

Prospects for DoD’s Budget Over the Next Decade

Presentation by David E. Mosher, Assistant Director for CBO’s National Security Division, at the Professional Services Council’s 2016 Vision Federal Market Forecast Conference.November 16, 2016. “Pressure on the Department of Defense’s budget in future years will come from external fiscal constraints as well as growth within the department in the costs of weapon systems, manpower,… Continue Reading

Challenges to rebuild infrastructure revealed in conflicting data

NYT – Graphic: Looking at infrastructure data from different sources provides conflicting pictures of what needs to be done See also [email protected] – Trump’s Planned Economic Policies: What Could Work, and What Won’t? Continue Reading

Military Consumer Toolkit for Personal Financial Managers and other counselors

“Military Consumer is a joint initiative to empower active duty and retired servicemembers, military families, veterans and civilians in the military community. Use these free resources as the first line of defense against fraud and make better-informed decisions when managing your money.” Continue Reading

GAO Reports – Air Traffic Control, Financial Audits of Federal Reserve, CFPB, FHFA, SEC, Preventing llicit Drug Use

Air Traffic Control: Experts’ and Stakeholders’ Views on Key Issues to Consider in a Potential Restructuring, GAO-17-131: Published: Oct 13, 2016. Publicly Released: Nov 15, 2016. Corporate Shareholder Meetings: Proxy Advisory Firms’ Role in Voting and Corporate Governance Practices, GAO-17-47: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016. Federal Reserve: Additional Actions Could Help… Continue Reading

Economic Effects of Canceling Scheduled Changes to Overtime Regulations

“The federal Fair Labor Standards Act of 1938 (FLSA) requires employers to provide certain workers with overtime pay when they work more than 40 hours in a week. That overtime pay must be at least 150 percent of the worker’s usual hourly wage. The Department of Labor has issued a rule—set to take effect on… Continue Reading

New GAO Transition App Allows Users to See Changes Needed Across Federal Government

“To help make the upcoming presidential and congressional transitions as informed as possible, the U.S. Government Accountability Office (GAO) has launched a new mobile app that provides users easy access to the watchdog agency’s priority recommendations for improving government operations. “GAO has organized its work to help President-elect Donald Trump and the next Congress tackle critical… Continue Reading