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News release: “Even as the last of the stimulus checks that have blunted the worst effects of the economic downturn are cashed, the economy remains poised on the brink of what could be a prolonged period of economic stagnation. According to a new report from the Center for Economic and Policy Research (CEPR), Congress and …
Follow up to July 23, 2008 posting on the House passage of H.R. 3221, on July 26 the Senate passed the bill, which now goes to the President for signature. CBS/AP: “Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets …
New York Times: “The House approved far-reaching government assistance on Wednesday for the nations housing market, including broad authority for the Treasury Department to protect the nations two largest mortgage finance companies from collapse.” House Committee on Financial Services, H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008, and Detailed Summary of …
H.R. 3221, Housing and Economic Recovery Act of 2008, July 23, 2008. Cost estimate for the bill as passed by the Senate on July 11, 2008, with an amendment transmitted to CBO on July 22, 2008 “This legislation would make a number of changes in federal housing policy. The major changes would: Provide temporary authority …
Senate Committee on Homeland Security and Governmental Affairs hearing: Information Sharing: Connecting the Dots at the Federal, State, and Local Levels, July 23, 2008 See also related GAO Report, Information Sharing Environment: Definition of the Results to Be Achieved in Improving Terrorism-Related Information Sharing Is Needed to Guide Implementation and Assess Progress, GAO-08-492, June 25, …
US Courts: “The first annual report to Congress containing new bankruptcy statistics mandated by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was filed by the Administrative Office in advance of the July 1, 2008 deadline. The 2005 law requires bankruptcy courts to collect statistics on debtors who meet certain criteria. The Judiciary …
“Chairman Waxman requests additional information about Defense Department and KBR failures to address defective electrical systems throughout Iraq that have caused hundreds of fires and resulted in multiple fatalities.” Documents and Links Letter to Robert M. Gates Memorandum for Defense Contract Management Agency (DCMA) Defense Contract Management Agency (DCMA) E-Mails 2006 E-mails Requesting Fire Report
News release: “An investigation by the Select Committee on Energy Independence and Global Warming has found that members of government at the highest levels, including the office of President George W. Bushs Chief of Staff and numerous heads of Cabinet departments, had decided to use the Clean Air Act to regulate global warming emissions not …
The Overuse, Underuse, and Misuse of Health Care. Testimony before the Committee on Finance, United States Senate, July 17, 2008. “The most important factor influencing the federal governments long-term fiscal balance is the rate of growth in health care costs. CBO projects that, without any changes in federal law, total spending on health care will …
Long-Term Effects of Indexing the Alternative Minimum Tax and Extending the Tax Reductions of 2001 and 2003. Letter to the Kent Conrad, Chairman, Senate Banking Committee, July 17, 2008.
Increasing the Value of Federal Spending on Health Care, July 16, 2008, Testimony before the Committee on the Budget, U.S. House of Representatives. “The rate of growth in health care costs is the most important factor influencing the federal governments long-term fiscal situation. The Congressional Budget Office (CBO) projects that, without any changes in federal …
News release: Chairman Ben S. Bernanke – Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, July 15, 2008 Chairman Dodd, Senator Shelby, and members of the Committee, I am pleased to present the Federal Reserve’s Monetary Policy Report to the Congress. The U.S. economy and …
