News release: “The U.S. Department of the Treasury today announced its current estimates of marketable borrowing…During the January March 2009 quarter, Treasury expects to borrow $493 billion of marketable debt, assuming an end-of-March cash balance of $225 billion, which includes $200 billion for the Supplementary Financing Program (SFP). This borrowing estimate is $125 billion higher than announced in November 2008. The increase in borrowing is primarily due to the SFP, lower receipts, and higher outlays…During the April June 2009 quarter, Treasury expects to borrow $165 billion of marketable debt, assuming an end-of-June cash balance of $45 billion.”
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Daily Archives: February 2, 2009
Hard Lessons: The Iraq Reconstruction Experience
Office of the Special Inspector General for Iraq Reconstruction (SIGIR) – Hard Lessons: The Iraq Reconstruction Experience, February 2, 2009 “Since the March 2003 invasion, the Congress appropriated about $50 billion in taxpayer dollars for Iraq’s relief and reconstruction. This generous provision funded a continuously evolving rebuilding program that sought, among other things, to restore… Continue Reading
Google Earth 5.0 Launched
Official Google Blog: “Google Earth… starting today we have a much more detailed bathymetric map (the ocean floor), so you can actually drop below the surface and explore the nooks and crannies of the seafloor in 3D. While you’re there you can explore thousands of data points including videos and images of ocean life, details… Continue Reading
Report: Estimated Revenue Effects of Revenue Provisions of Senate Version of American Recovery and Reinvestment Act, H.R. 1
Estimated Budget Effects Of The Revenue Provisions Contained In Titles I And III Of S. 350, The American Recovery And Reinvestment Tax Act Of 2009, As Reported By The Committee On Finance Related postings on American Recovery and Reinvestment Act Related postings on financial system Continue Reading
New CRS Reports: War in Afghanistan, Homeland Security Intelligence, Israel and Hamas
Via Secrecy News: Comprehensive Nuclear-Test-Ban Treaty: Background and Current Developments, updated January 28, 2009. War in Afghanistan: Strategy, Military Operations, and Issues for Congress, January 23, 2009. Homeland Security Intelligence: Perceptions, Statutory Definitions, and Approaches, updated January 14, 2009. Israel and Hamas: Conflict in Gaza (2008-2009), January 15, 2009. The Special Inspector General (SIG) for… Continue Reading
Publication of the Euro Money Market Study 2008
“Today the European Central Bank (ECB) is publishing a report entitled Euro Money Market Study 2008. The main conclusions of the study indicate that: Aggregated turnover in the euro money market decreased for the first time since 2004 (in the second quarter of 2008, as compared with the second quarter of the previous year). The… Continue Reading
Subprime Mortgages, Foreclosures, and Urban Neighborhoods
Federal Reserve Bank of Atlanta – Subprime Mortgages, Foreclosures, and Urban Neighborhoods, Kristopher S. Gerardi and Paul S. Willen. Working Paper 2009-1, February 2009. “This paper analyzes the impact of the subprime mortgage crisis on urban neighborhoods in Massachusetts. We explore the topic using a data set that matches race and income information from Home… Continue Reading
New Web 2.0 Tools on USA.gov
“Visit Government 2.0 for the latest tools available on USA.gov and other federal websites. With these tools, USA.gov hopes to engage the public and improve access to government information and resources. Here are just a few of the Web 2.0 tools you can find on USA.gov: Blogs Check out our library of active federal… Continue Reading
The Financial Services Fact Book 2009
The Financial Services Fact Book 2009, Insurance Information Institute, The Financial Services Roundtable: “The 2009 edition includes a host of new material to shed light on this challenging environment, including – Trends in bank insolvencies Data on credit default swaps Information on the Emergency Economic Stabilization Act of 2008, Congresss landmark $700 billion rescue plan… Continue Reading
Financial Services Roundtable Principals for Financial Regulatory Reform
Financial Services Roundtable Principals for Financial Regulatory Reform, January 29, 2009 Related postings on financial system Continue Reading
Federal Reserve Board Final Rules on Asset-Backed Commercial Paper Money Market Fund Liquidity Facility
News release: “The Federal Reserve Board on Friday announced two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), which extends loans to banking organizations to finance their purchases of high-quality asset-backed commercial paper from money market mutual funds. The first rule provides a temporary limited exception from the Board’s… Continue Reading
