Report By Dottie Rosenbaum and Brynne Keith-Jenning – October 24, 2013 “The 2009 Recovery Act’s temporary boost in Supplemental Nutrition Assistance Program (SNAP) benefits ends on November 1, 2013, which will mean a benefit cut for each of the nearly 48 million SNAP recipients — 87 percent of whom live in households with children, seniors,… Continue Reading
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Category Archives: Legislation
New Report Recommends Alternative Plan for Implementing the Volcker Rule
A Better Path Forward on the Volcker Rule and the Lincoln Amendment by James D. Cox, Jonathan R. Macey and Annette L. Nazareth “Two late additions to Congress’s response to the financial crisis have proved to be among the most complex and challenging for U.S. financial regulators to put into place. The degree of difficulty… Continue Reading
Unemployment Insurance: Programs and Benefits
CRS – Unemployment Insurance: Programs and Benefits, Julie M. Whittaker, Specialist in Income Security; Katelin P. Isaacs, Analyst in Income Security. September 17, 2013 “Various benefits may be available to unemployed workers to provide income support. When eligible workers lose their jobs, the Unemployment Compensation (UC) program may provide up to 26 weeks of income… Continue Reading
Federal Regulators Provide Guidance on Qualified Mortgage Fair Lending Risks
News release: “Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages. Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages.… Continue Reading
Updating the Statutory Framework for Communications for the Digital Age
CRS – Updating the Statutory Framework for Communications for the Digital Age: Issues for Congress. Charles B. Goldfarb, Specialist in Telecommunications Policy. September 30, 2013 “The statutory framework for the communications sector largely was enacted prior to the commercial development and deployment of digital technology, Internet Protocol (IP), broadband networks, and online voice, data, and… Continue Reading
Full Text of the Plan to End the Shutdown and Raise the Debt Ceiling
The Deal to Reopen the Government and Raise the Debt-Ceiling Continue Reading
Mortgage Market Conditions and Borrower Outcomes
Mortgage Market Conditions and Borrower Outcomes: Evidence from the 2012 HMDA Data and Matched HMDA–Credit Record Data, Neil Bhutta and Glenn B. Canner “This article describes mortgage lending activity in 2012 based on newly available data reported under the Home Mortgage Disclosure Act of 1975 (HMDA). In addition, we present the results of a first… Continue Reading
Testimony on “Toward a Financially Viable Postal Service”
September 26, 2013, Testimony by Dean Baker [Center for Economic and Policy Research] before the U.S. Senate Committee on Homeland Security & Governmental Affairs: “For the last four decades the Postal Service has been operating with a mandate under which it was expected to compete with private companies. The expectation has been that the Postal Service would… Continue Reading
Report – The Sequester: From Merely Stupid to Dangerous
“The current across-the-board cuts in federal spending have already damaged both national security and the economy, with the negative impact likely to double or triple in the next two years, according to a study released today by the Bipartisan Policy Center (BPC). The analysis was co-chaired by former Senators Pete Domenici, a BPC senior fellow,… Continue Reading
Web Site Problems May Imperil Finances of Insurance Market
From the start, signs of trouble at health portal: Many deadlines missed – NYT, by Robert Pear, Sharon LaFraniere and Ian Austen: “For the past 12 days, a system costing more than $400 million and billed as a one-stop click-and-go hub for citizens seeking health insurance has thwarted the efforts of millions to simply log… Continue Reading
Switzerland to vote on plan giving every adult in the country a $2,800 check every month
Rather than savage cuts, Switzerland considers “Star Trek” economics, by Josh Eidelson. “By gathering over 100,000 signatures – which they delivered last Friday along with 8 million 5-cent coins representing the country’s population – activists have secured a vote by Switzerland’s parliament on an audacious proposal: providing a basic monthly income of about $2,800 U.S. dollars to each adult… Continue Reading
UK Report Challenges copyright Claims Against Online File Sharing
Copyright & Creation – A Case for Promoting Inclusive Online Sharing, Bart Cammaerts; Robin Mansell; Bingchun Meng. The London School of Economics and Political Science Department of Media and Communications. “The implementation of the Digital Economy Act (DEA) 2010 is not expected before 2015, a lengthy delay. The September 2013 report of the House of… Continue Reading
