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Monthly Archives: June 2008

IMF Concludes Article IV Consultation with the United States

News release: “The Treasury Department released today the concluding statement by the staff of the International Monetary Fund following this year’s Article IV Consultation with the United States. This statement represents IMF staff’s independent judgment and assessment of U.S. economic performance and policies.” IMF 2008 Article IV Consultation – Statement of the Fund Mission Continue Reading

New GAO Reports: DOE Costs, Environmental Satellites,Higher Education

Department of Energy: Information on Its Management of Costs and Liabilities for Contractors’ Pension and Postretirement Benefit Plans, GAO-08-642R, June 19, 2008 Department of Energy: Office of Science Has Kept Majority of Projects within Budget and on Schedule, but Funding and Other Challenges May Grow, GAO-08-641, May 30, 2008 Environmental Satellites: Polar-orbiting Satellite Acquisition Faces… Continue Reading

CBO Reports: Cap-and-Trade Program for Carbon Dioxide Emissions, Slowing the Growth of Health Care Costs

Options for Offsetting the Economic Impact on Low-and Moderate-Income Households of a Cap-and-Trade Program for Carbon Dioxide Emissions, June 17, 2008. Letter to Jeff Bingaman, Chairman, Committee on Energy and Natural Resources The Long-Term Budget Outlook and Options for Slowing the Growth of Health Care Costs, June 17, 2008. Statement of Peter R. Orszag, Director,… Continue Reading

Bear Stearns Hedge Fund Managers Indicted

FindLaw: U.S. v. Ralph Cioffi and Matthew Tannin (U.S. Dist. Ct., E.D.N.Y., June 18, 2008) – “Two Bear Stearns hedge fund managers who helped create funds that dealt with subprime mortgages were indicted on securities fraud charges on allegations that included telling investors that “they could expect annual returns of approximately 10 to 12%” and… Continue Reading

Bipartisan FISA Compromise Reached

News release: “Senate Intelligence Committee Chairman John “Jay” Rockefeller (WV), Senate Intelligence Committee Vice-Chair Kit Bond (MO), House Majority Leader Steny Hoyer (MD), and House Minority Whip Roy Blunt (MO) announced today that a bipartisan compromise has been agreed to that will modernize the Foreign Intelligence Surveillance Act. The FISA Amendments Act, H.R. 6304 (114… Continue Reading

CBP Develops New Online Trade Violation Reporting System

News release: “U.S. Customs and Border Protection’s Office of International Trade has developed a new online trade violation reporting system called eAllegations to provide concerned members of the public a means to confidentially report suspected trade violations to CBP. [effective] June 17, members of the public may report information regarding suspected violations via a new… Continue Reading

New EPA Guide to Help Businesses Confront Climate Challenge

News release: “EPA is releasing a new resource, A Business Guide to U.S. EPA Climate Partnership Programs, for businesses committed to addressing the risks and opportunities associated with climate change. The guide features profiles on 35 EPA climate-change related partnership programs, as well as a handy table so companies can look up programs most appropriate… Continue Reading

GAO Sustains Boeing Bid Protest

News release: “The Government Accountability Office (GAO) today sustained the Boeing Company’s protest of the Department of the Air Force’s award of a contract to Northrop Grumman Systems Corporation for KC-X aerial refueling tankers. Boeing challenged the Air Force’s technical and cost evaluations, conduct of discussions, and source selection decision.” Air Force Releases Statement on… Continue Reading