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Revisions to FHFAs House Price Index in the Recent National House Price Boom and Bust February 2010 “Each Federal Housing Finance Agency (FHFA) House Price Index (HPI) release revises previous estimates of house price appreciation contained in previous releases (Box A provides a primer on how FHFA estimates and revises the HPI). This paper examines …
Monthly Budget Review, February 2010. Based on the Monthly Treasury Statement for December and the Daily Treasury Statements for January. CBO Estimates a Federal Budget Deficit of $434 Billion in the First Four Months of Fiscal Year 2010. “The federal government incurred a budget deficit of $434 billion in the first four months of fiscal …
News release: “Microsoft Corp. and the National Science Foundation (NSF) today announced an agreement that will offer individual researchers and research groups selected through NSF’s merit review process free access to advanced cloud computing resources. By extending the capabilities of powerful, easy-to-use PC applications via Microsoft cloud services, the program is designed to help broaden …
News release: “Corrupt foreign officials and their relatives have used gaps in U.S. law and the assistance of U.S. professionals to funnel millions of dollars in illicit money into the United States, an investigation by the Senates Permanent Subcommittee on Investigations has found…A 330-page bipartisan report released by Sen. Carl Levin, D-Mich., subcommittee chairman and …
News release: “The Federal Trade Commission today told the U.S. Senate Committee on Commerce, Science and Transportation that the agency has stepped up efforts to protect consumers affected by the economic downtown, and that additional authority would make the agency even more effective. The testimony presented by FTC Chairman Jon Leibowitz described the agencys efforts …
News release: “Attorney General Andrew M. Cuomo, joined by Special Inspector General for the Troubled Asset Relief Program Neil Barofsky, announced a lawsuit against Bank of America, its former CEO Kenneth D. Lewis, and its former CFO Joseph L. Price for duping shareholders and the federal government in order to complete a merger with Merrill …
Information on Reducing Payroll Taxes to Encourage Employment, February 3, 2010. Letter to the Robert P. Casey Jr. “This letter responds to questions you posed about policy options to increase employment by reducing employers payroll taxes for firms that increase their payroll. Last month, the Congressional Budget Office (CBO) released a report that addressed such …
News release: “The global economic recovery that is now underway will slow later this year as the impact of fiscal stimulus wanes. Financial markets remain troubled and private sector demand lags amid high unemployment, according to a new report from the World Bank. Global Economic Prospects 2010 warns that while the worst of the financial …
Acting Director Edward J. DeMarco sent the following letter to Chairmen Frank and Dodd and Ranking Members Bachus and Shelby regarding the conservatorship of Fannie Mae and Freddie Mac. “The first part of the letter will review the establishment and purposes of the conservatorships, and how the conservatorships are operating. FHFA is focused on conserving …
