New York Times: “Beyond the $700 billion bailout known as TARP, which has been used to prop up banks and car companies, the government has created an array of other programs to provide support to the struggling financial system. Through Feb. 19, the government has made commitments of nearly $8.8 trillion and spent $2 trillion. Here is an overview, organized by the role the government has assumed in each case.”
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Daily Archives: February 5, 2009
GPO's Federal Digital System (FDsys) now available as a public beta!
“GPOs Federal Digital System (FDsys) is an advanced digital system that will enable GPO to manage Government information in a digital form. FDsys will enable GPO to manage information from all three branches of the U.S. Government. As a state-of-the-art digital content management system, FDsys will contain information gathered through three methods: Files submitted by… Continue Reading
Metropolitan Area Employment and Unemployment Summary
News release [includes data charts]: Unemployment rates were higher in December than a year earlier in 363 of the 369 metropolitan areas, lower in 5 areas, and unchanged in 1 area, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Forty areas recorded jobless rates of at least 10.0 percent, while… Continue Reading
Rescuing the American Economy A Guide to How the Stimulus Works
Center for American Progress. Rescuing the American Economy – A Guide to How the Stimulus Works, by Michael Ettlinger | February 5, 2009. “The economy was already performing badly by many measures before the recession started in December 2007, but the poor economic performance was partially camouflaged by rising asset valuesespecially home values. Those rising… Continue Reading
Special Inspector General forTroubled Asset Relief Program – Initial Report to the Congress
“Pursuant to the Emergency Economic Stabilization Act of 2008, the Office of the Special Inspector General for the Troubled Asset Relief Program [SIGTARP] must report to Congress on its oversight activities and compile certain specified data and information about the operation of TARP. SIGTARPs reports to Congress are due 60 days after confirmation of the… Continue Reading
CBO: Monthly Budget Review, February 2009
Monthly Budget Review, February 2009. Based on the Monthly Treasury Statement for December and the Daily Treasury Statements for January “CBO estimates that the Treasury Department will report a deficit of $563 billion for the first four months of fiscal year 2009, $474 billion higher than the deficit incurred through January 2008. This years deficit… Continue Reading
New GAO Reports: Modernizing Outdated U.S. Financial Regulatory System, Medicaid Funding Allocations, TARP,
Financial Regulation: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System, GAO-09-349T, February 04, 2009 Broadcasting to Cuba: Actions Are Needed to Improve Strategy and Operations, GAO-09-127, January 22, 2009 Estimated Adjusted Medicaid Funding Allocations Related to the Proposed American Recovery and Reinvestment Act, GAO-09-371R, February 05, 2009 Issues… Continue Reading
FDIC Releases First National Survey of Banks' Efforts to Serve the Unbanked and Underbanked
News release: “In the first national survey of banks’ efforts to serve unbanked and underbanked individuals and families in their market areas, released today, the FDIC found that improvement may be possible in the areas of focus, outreach and commitment. The majority of banks 63 percent – offer basic financial education materials, but fewer… Continue Reading
Hearing: Oversight of the Financial Rescue Program
Senate Banking Committee hearing, Pulling Back the TARP: Oversight of the Financial Rescue Program, February 5, 2009. Witness Testimony: Gene L. Dodaro, Acting Comptroller General, United States Government Accountability Office Neil M. Barofsky, Special Inspector General, Troubled Asset Relief Program Professor Elizabeth Warren, Chair, Congressional Oversight Panel for the Troubled Asset Relief Program: “As part… Continue Reading
Recent CRS Reports: Causes of the Financial Crisis, Alternative Fuels and Advanced Technology Vehicles
February 02, 2009 – Medicaid: The Federal Medical Assistance Percentage February 02, 2009 – Proposed Funding for Workforce Development in the American Recovery and Reinvestment Act (ARRA) of 2009 January 29, 2009 – Causes of the Financial Crisis January 29, 2009 – The Worker, Retiree, and Employer Recovery Act of 2008: An Overview January 27,… Continue Reading
