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Monthly Archives: September 2008

Report to Congress on the Costs and Benefits of Federal Regulations

News release: “Today, the Office of Management and Budget (OMB) issued its draft of the eleventh annual Report to Congress on the Costs and Benefits of Federal Regulations. The Report features a look back at the last ten years of major Federal regulations reviewed by OMB to examine their quantified and monetized benefits and costs.… Continue Reading

New GAO Reports: Visa Waiver Program, Missile Defense, Combating Nuclear Smuggling, Aviation Safety

Visa Waiver Program: Actions Are Needed to Improve Management of the Expansion Process, and to Assess and Mitigate Program Risks, GAO-08-1142T, September 24, 2008 Missile Defense: Actions Needed to Improve Planning and Cost Estimates for Long-Term Support of Ballistic Missile Defense, GAO-08-1068, September 25, 2008 Combating Nuclear Smuggling: DHS Needs to Consider the Full Costs… Continue Reading

Sen. Reid Testifies About Dangers Associated With Yucca Mountain Nuclear Waste Dump

News release: “Nevada Senator Harry Reid testified this week at a hearing before the Commerce Committee regarding the safety and security dangers associated with the proposal to ship 77,000 tons of nuclear waste to Yucca Mountain. Reid spoke about the Department of Energy’s unpreparedness to begin a massive nuclear waste shipping campaign.” Sen. Reid’s resource… Continue Reading

President's Address to the Nation on the Economy

President’s Address to the Nation, East Room of the White House, September 24, 2008: “This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial… Continue Reading

Federal Housing Finance Agency Released First Mortgage Metrics Report

“The Federal Housing Finance Agency (FHFA) released its first Mortgage Metrics Report today. The report presents key performance data on 30.4 million first lien residential mortgages with outstanding balances totaling $4.4 trillion serviced on behalf of Fannie Mae and Freddie Mac from 2007 through the first quarter of 2008. The report focuses on the delinquencies,… Continue Reading

New CRS Report: Proposal to Allow Treasury to Buy Mortgage Related Assets to Address Financial Instability

September 22, 2008 – Proposal to Allow Treasury to Buy Mortgage Related Assets to Address Financial Instability “Financial markets underwent severe stress during the week of September 15-22, 2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan from the Federal Reserve, policymakers reassessed their case-by-case approach to resolving financial problems. Secretary of… Continue Reading