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Monthly Archives: February 2009

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

ADP National Employment Report, January 2009

“Nonfarm private employment decreased 522,000 from December 2008 to January 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from November to December 2008 was revised up by 34,000, from a decline of 693,000 to a decline of 659,000. Nonfarm private employment decreased 522,000 from December… Continue Reading

Report – TARP Recipients Paid Out $114 Million for Politicking Last Year

“The struggling companies whose freewheeling business practices have contributed to the country’s economic woes are getting a lucrative return on at least one of their investments. Beneficiaries of the $700 billion bailout package in the finance and automotive industries have spent a total of $114.2 million on lobbying in the past year and contributions toward… Continue Reading

Reports Examine Economic Burden of Health Care Costs on Medicare Beneficiaries

“A new Kaiser Family Foundation report, Health Care on a Budget: An Analysis of Spending by Medicare Households, finds that in 2006, out-of-pocket health care spending accounted for 14.1 percent of all expenditures for Medicare households – less than housing (34.1 percent) but about the same as transportation (15.0 percent) and food (13.6 percent). And,… Continue Reading

Treasury Announces New Restrictions On Executive Compensation

News release: “Today, the Treasury Department is issuing a new set of guidelines on executive pay for financial institutions that are receiving government assistance to address our current financial crisis…The measures announced today are designed to ensure that the compensation of top executives in the financial community is closely aligned not only with the interests… Continue Reading

CBO: Macroeconomic Effects of Amendment to American Recovery and Reinvestment Act

Estimated Macroeconomic Effects of the Inouye-Baucus Amendment in the Nature of a Substitute to H.R. 1, February 4, 2009, Letter to the Honorable Judd Gregg. “At your request, the Congressional Budget Office (CBO) has conducted an analysis of the macroeconomic impact of the Inouye-Baucus amendment in the nature of a substitute to H.R. 1. CBO… Continue Reading

White House Releases Additional State-Specific Impacts of American Recovery and Reinvestment Plan

“The White House today released additional state-specific details on the American Recovery and Reinvestment Plan. The recovery plan will create and save jobs in the near future while addressing long-neglected needs that are critical to laying the foundation for a strong economic future. Nationwide, Obama’s plan will create or save 3-4 million jobs over the… Continue Reading

CBO: 2009 Future Years Defense Program

The 2009 Future Years Defense Program: Implications and Alternatives, February 4, 2009, Testimony before the Committee on the Budget, U.S. House of Representatives “In CBO’s projection, defense resources average about $549 billion annually (in constant 2009 dollars) from 2014 to 2026, or about 6 percent more than the $517 billion in total obligational authority (TOA)… Continue Reading

Third Update On Investigation Into Ditching Of US Airways Jetliner Into Hudson River

News release: “The following is an update on the National Transportation Safety Board’s investigation of US Airways flight 1549, which ditched into the Hudson River on January 15, 2009. The left (#1) engine, which was recovered from the Hudson River on January 23 and subsequently shipped to the manufacturer in Cincinnati where the NTSB is… Continue Reading

Hearing: Modernizing the U.S. Financial Regulatory System

Senate Committee on Banking, Housing and Urban Affairs, Modernizing the U.S. Financial Regulatory System, February 4, 2009. Witnesses – Paul A. Volcker, Chair of the President’s Economic Recovery Advisory Board and former Chairman, Board of Governors of the Federal Reserve System; and Mr. Gene L. Dodaro, Acting Comptroller General of the United States. Related postings… Continue Reading