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News release: “American workers have lost as much as $2 trillion in retirement savings over the last year highlighting the devastating toll that the nations financial crisis is taking on their retirement plans, witnesses told the U.S. House Education and Labor Committee today. Todays hearing is one of several that House Democrats have scheduled …
From Chairman Waxman’s Opening Statement: “Today we are holding our second day of hearings on the financial crisis on Wall Street. Yesterday, we examined the collapse of Lehman Brothers. Our focus today is AIG. There are obvious differences between Lehman and AIG. Lehman is an investment bank; AIG is an insurance company. Lehman fell because …
Chairman Ben S. Bernanke At the National Association for Business Economics 50th Annual Meeting, Washington, D.C., October 7, 2008: Current Economic and Financial Conditions Federal Reserve Report on Consumer Credit, Release Date: October 7, 2008: “Consumer credit decreased at an annual rate of 3-3/4 percent in August. Revolving credit decreased at an annual rate of …
News release: “Adults gain substantial health benefits from two and a half hours a week of moderate aerobic physical activity, and children benefit from an hour or more of physical activity a day, according to the new Physical Activity Guidelines for Americans. The comprehensive set of recommendations for people of all ages and physical conditions …
News release: “The Federal Reserve Board on Tuesday announced the creation of the Commercial Paper Funding Facility (CPFF), a facility that will complement the Federal Reserve’s existing credit facilities to help provide liquidity to term funding markets. The CPFF will provide a liquidity backstop to U.S. issuers of commercial paper through a special purpose vehicle …
Minority Staff of the Joint Economic Committee: Government Policy Blunders Largely Caused the Global Financial Crisis, October 7, 2008. Research Report #110-26 “Macroeconomic and microeconomic policy blunders by both the U.S. government and foreign governments inflated an unsustainable housing bubble in the United States and other developed economies. When this bubble inevitably popped, a global …
The Economic Bailout: An Analysis of the Economic Emergency Stabilization Act, Katalina M. Bianco, J.D., John M. Pachkowski, J.D., CCH – Wolters Kluwer Law & Business “The current credit crisis, which led to the enactment of the EESA, has its deepest roots in the subprime mortgage crisis, known in the popular media as the mortgage …
President Bush Discusses Judicial Accomplishments and Philosophy, October 6, 2008 Fact Sheet: Judges Who Honor the Constitution In Focus: Judicial Nominations
The Cyclically Adjusted and Standardized Budget Measures, October 2008 “In September 2008, the Congressional Budget Office (CBO) released its most recent baseline projections of federal revenues, outlays, and budget balances for the next 10 years. Those projections are subject to procedures under which CBO assumes the continuation of current laws and policies affecting taxes and …
National Association for Business Economics news release: “Business economists have become more negative on the economic outlook for the next several quarters as a result of the tightness in credit markets and weakness in consumer spending, expecting growth to stall in the fourth quarter, said Chris Varvares, NABE President-elect and president of Macroeconomic Advisers. If …
“Federal Employee Appraisals to Include Information Sharing: PM-ISE and the Office of Personnel Management Release Guidance on Information Sharing Elements for Performance Appraisals. The Information Sharing Council includes the Central Intelligence Agency; Federal Bureau of Investigation; departments of Defense, Energy, Homeland Security, Justice, State and Transportation; and the offices of the Director of National Intelligence …
Highway Safety: Foresight Issues Challenge DOT’s Efforts to Assess and Respond to New Technology-Based Trends, GAO-09-56, October 03, 2008 Sovereign Wealth Funds: Publicly Available Data on Sizes and Investments for Some Funds Are Limited, GAO-08-946, September 09, 2008
