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CBO Monthly Budget Review, April 2009 “CBO estimates that the Treasury Department will report a deficit of about $953 billion for the first six months of fiscal year 2009, $640 billion more than the deficit recorded through March 2008. That estimate of this years deficit to date includes outlays of about $290 billion for the …
“The following tables update the Congressional Budget Offices (CBOs) estimates of historical effective tax ratesthat is, households tax liability divided by their incomefor various income categories.1 These new tables incorporate estimates for an additional calendar year, 2006, for the four largest sources of federal revenuesindividual income taxes, social insurance (payroll) taxes, corporate income taxes, and …
News release: “s part of an ongoing effort to refine the guidelines and enhance the effectiveness of the Financial Stability Plan programs, the Treasury Department today released additional guidance for potential investors in the securities portion of the Public Private Investment Program (PPIP). The new guidance extends the deadline for application to the program and …
News release: “Ford Motor Company announced today the successful completion of debt restructuring initiatives that will reduce Fords Automotive debt by $9.9 billion from $25.8 billion at December 31, 2008, and lower Fords annual cash interest expense by more than $500 million based on current interest rates…By substantially reducing our debt, Ford is taking another …
Treasury Inspector General for Tax Administration, Progress Has Been Slow in Implementing Federal Security Configurations on Employee Computers, March 27, 2009, Reference Number: 2009-20-055 “IRS employees use desktop and laptop computers to perform their tax administration duties. Because taxpayers expect the IRS to protect their privacy and personal information, the security of employee computers is …
FDIC OIG: March 2009, Report No. EVAL-09-004, Controls Over the FDICs Processing of Capital Purchase Program Applications from FDIC-Supervised Institutions “As of January 15, 2009, the FDIC had received 1,615 applications from FDIC-supervised institutions requesting almost $34 billion in TARP funding. The FDIC had recommended 408 applications to Treasury for approval, of which 267 had …
“Sexual assault takes many formsit is any unwanted sexual contact, including rape, attempted rape, and child sexual abuse. It can affect people of any gender, age, ethnicity, sexual orientation, or ability. According to the National Violence Against Women Survey, 1 in 6 American women has been the victim of rape or attempted rape […there were …
“In the just-ended fiscal year, more than three quarters of the tax returns filed by the nation’s largest corporations came from financial service organizations banks, insurance companies, investment advisors, brokerage houses, securities services and the like. And the same group of businesses is credited with controlling 72% of all large-corporation assets, with earning 46% …
Ambassador Stephen W. Bosworth, Special Representative for North Korea Policy, U.S. Department of State, Briefing at the Washington Foreign Press Center on U.S. Policy Regarding North Korea, Friday, April 3, 2009. CRS Report on North Korea Ballistic Missile Threat to the U.S. CRS Report on North Korea’s Nuclear Weapons New York Times: North Korean Missile …
“As economically developing countries grow prosperous, their middle classes understandably become more satisfied with their lives. But many of their basic values also appear to change. Over time, the values of the middle classes in emerging countries become more like those of the publics of advanced nations. This is the overall conclusion of a new …
“The latest Pew Research Center News IQ survey finds the American public reasonably well-informed about a number of basic facts pertaining to the current economic situation. Fully 83% know that the government assistance to banks and other financial institutions is aimed at getting them to lend more money, not less money. Roughly seven-in-ten (71%) correctly …
News release: “The U.S. Treasury Department today released guidance on the Obama Administration’s Build America Bonds and School Bonds programs, which will help states and localities pursue needed capital projects, such as infrastructure development and public school construction. The guidance Treasury is issuing today provides state and local governments with the answers they need in …
