Economic Recovery Measures

On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...

Laura Tyson, a former chair of President Clinton’s Council of Economic Advisers, warned in a Bloomberg op-ed this morning that cutting back on fiscal...

On December 18, the FDIC reported that it has taken over an additional seven banks ( First Federal Bank of California, Imperial Capital Bank...

We hope all of our readers had very happy holidays. Now that we are back from our vacation, there is a lot to report on regarding congressional...

In a blog post earlier this week, Stan Collender presented a laundry list of suggestions about how deficit hawks can be more effective. As a proud...

This afternoon, the House passed a $154 billion economic aid package. Below we have listed the major spending areas within the bill: Spending...

The IRS has agreed to give up billions in tax money in exchange for Citigroup’s repurchase of $20 billion of its assets held by TARP. In a notice...

According to a Donald Marron, reallocating TARP funds to use for other purposes (such as a jobs bill) may violate the letter of the law (and certinaly...

General Motors and Wells Fargo have both just announced that they intend to repay all of the $6.7 billion and $25 billion, respectively, in...

Today, Citigroup announced that it will repay $20 billion in TARP funds. Since last fall, the government has provided $45 billion in capital for Citi...

On Friday evening, the FDIC reported that it has taken over an additional three banks ( Solutions Bank, Valley Capital Bank, Republic Federal Bank)...

On December 9, Secretary Geithner requested that TARP be renewed through October 3, 2010. Having spent a net of $386 billion, the $700 billion program...