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CFPB: “Many people feel overwhelmed by their financial situations, and they may not know where to go for help. For many low-income Americans, frontline staff of nonprofit and public social services programs are in a unique position to provide that help. Their clients already know and trust them, and in many cases, they’re already sharing financial …
“The Chicago Business Barometer dropped 10.0 points to 52.6 in July, significantly down from May’s seven month high of 65.5, led by a collapse in Production and the ordering components, all of which have been strong since last fall. A monthly fall of this magnitude has not been seen since October 2008 and left the Barometer …
BLS News release: “Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending June 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.6 percent, and benefits (which make up the remaining 30 percent of compensation) increased …
News release: “The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a Notice of Proposed Rulemaking (NPRM) to amend existing Bank Secrecy Act (BSA) regulations to help prevent the use of anonymous companies to engage in or launder the proceeds of illegal activity in the U.S. financial sector. The proposed rule …
CRS – Stealing Trade Secrets and Economic Espionage: An Overview of 18 U.S.C. 1831 and 1832. Charles Doyle, Senior Specialist in American Public Law. July 25, 2014. “Stealing a trade secret is a federal crime when the information relates to a product in interstate or foreign commerce, 18 U.S.C. 1832 (theft of trade secrets), or when the intended beneficiary …
“As the global economy shifts from crisis to recovery mode, the changing growth patterns—with advanced economies generally recovering and emerging markets slowing on a broad basis—carry new spillover risks, says the IMF staff. The 2014 Spillover Report, which assesses the impact of policy actions in one country on others (spillovers) and the possible consequences for the original …
“The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (generally referred to as the Medicare Modernization Act, or MMA) substantially expanded the federal Medicare program by creating the prescription drug benefit known as Part D. In fiscal year 2013, Medicare Part D covered 39 million people. The federal government spent $59 billion net of …
“On July 30, 2014, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase additional agency mortgage-backed securities (MBS) at a pace of about $10 billion per month and longer-term Treasury securities at a pace of about $15 billion per month, …
Marlene Amstad, Simon M Potter and Robert Rich – Working Papers No 453, July 2014 “Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper presents the “Federal Reserve Bank of …
“A new online data tool shows statistics for the finances of state and local governments, such as revenue, expenditures and debt, aggregated to the state level for fiscal years 2004 to 2011. These statistics are also available via the DataFerrett tool.”
BUDGET ISSUES: Opportunities to Reduce Federal Fiscal Exposures Through Greater Resilience to Climate Change and Extreme Weather, GAO-14-504T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. COMBATING NUCLEAR SMUGGLING: Past Work and Preliminary Observations on Research and Development at the Domestic Nuclear Detection Office, GAO-14-783T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. FEDERAL REAL PROPERTY: Better Guidance and …
News release: “The Peter G. Peterson Foundation’s July Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges, shows that Americans remain highly concerned about the nation’s fiscal situation. The Fiscal Confidence Index, modeled after the Consumer Confidence Index, …
