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Structure of government debt in 2014: “Among the Member States for which data are available, Sweden (29% of total government debt has a term below one year) and Bulgaria (21%) registered in 2014 the highest proportions of short-term initial maturities of debt. Italy (15%), Hungary (14%), Portugal (13%) and France (12%) also recorded shares of …
“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending. …
“CBO and the staff of the Joint Committee on Taxation estimate that, over the next decade, a repeal of the Affordable Care Act would probably increase budget deficits with or without considering the effects of macroeconomic feedback.”
Kuvíková, Gabriela, Credit Ratings and Their Information Value: Evidence from the Recent Financial Crisis (June 1, 2015). CERGE-EI Working Paper Series No. 544. Available for download at SSRN: http://ssrn.com/abstract=2619423 “This paper examines the accuracy and timeliness of credit ratings in explaining the financial health of debt issuers over the recent financial crisis. Using annual financial …
“This study [June 2015 EBRI Issue Brief #415] reports the frequency and extent of intra-family cash transfers: both transfers from older households to their children and grandchildren, and vice versa. It also shows how these transfers are correlated with income levels and compares the asset and income levels of households that make such transfers and those …
Kholodilin, Konstantin A. and Kolmer, Christian and Thomas, Tobias and Ulbricht, Dirk, Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts (June 1, 2015). DIW Berlin Discussion Paper No. 1490. Available for download at SSRN: http://ssrn.com/abstract=2619571 “This article sheds light on the interaction of media, economic actors, and economic experts. Based on a unique …
Treasury Inspector General for Tax Administration – Reduced Budgets and Collection Resources Have Resulted in Declines in Taxpayer Service, Case Closures, and Dollars Collected. May 8, 2015. Reference Number: 2015-30-035. “In FY 2014, revenue officers collected $222 million (7 percent) less than in FY 2011. In addition, they closed 34 percent fewer cases. This was …
CRS – China’s Economic Rise: History, Trends, Challenges, and Implications for the United States, updated June 14, 2015. Wayne M. Morrison, Specialist in Asian Trade and Finance. June 14, 2015. “Prior to the initiation of economic reforms and trade liberalization 35 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly …
Capitol Preservation Fund: Audit of Fiscal Years 2013 and 2014 Transactions, GAO-15-586R: Published: Jun 17, 2015. Publicly Released: Jun 17, 2015. Energy Savings Performance Contracts: Additional Actions Needed to Improve Federal Oversight, GAO-15-432: Published: Jun 17, 2015. Publicly Released: Jun 17, 2015. Immigration Benefits System: Better Informed Decision Making Needed on Transformation Program, GAO-15-415: Published: …
Release Date: June 17, 2015: “Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labor market indicators suggests that …
Via Government Executive: “It’s surprising how many agencies now use USASpending.gov to “access their own data,” said David Lebryk, the fiscal assistant Treasury secretary who on Monday delivered an upbeat assessment of governmentwide progress in implementing the 2014 Digital Accountability and Transparency Act. “We’re off to a great start on tough challenges, but outsiders don’t …
Army Combat Vehicles: Industrial Base Study’s Approach Met Research Standards, GAO-15-548: Published: Jun 16, 2015. Publicly Released: Jun 16, 2015. Aviation Security: TSA Has Taken Steps to Improve Vetting of Airport Workers, GAO-15-704T: Published: Jun 16, 2015. Publicly Released: Jun 16, 2015. Defense Civilian Compensation: DOD and OPM Could Improve the Consistency of DOD’s Eligibility …
