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WSJ – Big Slide in 401(k)s Spurs Calls for Change: “About 50 million Americans have 401(k) plans, which have $2.5 trillion in total assets, estimates the Employee Benefit Research Institute in Washington. In the 12 months following the stock market’s peak in October 2007, more than $1 trillion worth of stock value held in 401(k)s …
Squeezed! Caught between Unemployment Benefts And Health Care Costs, January 2009, by Families USA Foundation. “This report shows that, to maintain their employer-based health coverage under COBRA [Consolidated Omnibus Budget Reconciliation Act of 1986], most unemployed people would have to devote an unrealistically high proportion of their incomes to health insurance. For many, it would …
Follow up to previous posting, Oversight Committee Holds Hearing on EPA’s New Ozone Standards, this recently released memo from DOJ’s Office of Legal Counsel: Assertion of Executive Privilege Over Communications Regarding EPA’s Ozone Air Quality Standards and California’s Greenhouse Gas Waiver Request (June 19, 2008) (added 1/08/09).
News release: “House Financial Services Committee Chairman Barney Frank (D-MA) introduced [on January 9, 2009] H.R. 384, the TARP Reform and Accountability Act of 2009, to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization Act of 2008 (EESA). The legislation will strengthen accountability, close loopholes, increase transparency, and require Treasury …
“Protected Person” Status in Occupied Iraq Under the Fourth Geneva Convention (March 18, 2004) (added 1/08/09) Status of Taliban Forces Under Article 4 of the Third Geneva Convention OF 1949 (February 7, 2002) (added 1/08/09) Authority of the President Under Domestic and International Law to Use Military Force Against Iraq (October 23, 2002) (added 1/08/09) …
Monthly Budget Review, January 2009: Based on the Monthly Treasury Statement for November and the Daily Treasury Statements for December. “CBO estimates that the Treasury Department will report a federal budget deficit of $485 billion for the first quarter of fiscal year 2009, $378 billion higher than in the same period last year. That figure …
The Job Impact of the American Recovery and Investment Plan, released January 10, 2009 – by Christina Romer and Jared Bernstein. “A key goal enunciated by the President-Elect concerning the American Recovery and Reinvestment Plan is that it should save or create at least 3 million jobs by the end of 2010. For this reason, …
Defense Business Transformation: Status of Department of Defense Efforts to Develop a Management Approach to Guide Business Transformation, GAO-09-272R, January 9, 2009 Information Security: Continued Efforts Needed to Address Significant Weaknesses at IRS, GAO-09-136, January 9, 2009 Research and Development: DOE Could Enhance the Project Selection Process for Government Oil and Natural Gas Research, GAO-09-186, …
News release: “Unemployment (Household Survey Data) – In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 …
Federal Reserve Bank of St. Louis, The Financial Crisis: A Timeline of Events and Policy Actions (PDF) and graphical version. “The Federal Reserve and other agencies have taken many steps to contain the ongoing financial crisis and limit its impact on the broader economy. It is critically important that we clearly communicate our actions to …
Brookings: Assessing the 110th Congress, Anticipating the 111th, Sarah A. Binder, Thomas E. Mann, Norman J. Ornstein and Molly Reynolds. “Barack Obamas triumphant presidential campaign in the 2008 election attracted extraordinary interest and excitement in the United States and around the globe. Following on the heels of sweeping Democratic gains in 2006, this second Democratic …
“Rep. Henry A. Waxman, Sen. Claire McCaskill, and Rep. Ed Towns issued a new report that finds that the Bush Administration has failed to implement over 13,000 recommendations made by Inspectors General (IGs) since 2001. Federal agencies could save taxpayers over $25 billion by implementing these open recommendations…The House Oversight Committee asked the nations IGs …
