Economic Recovery Measures

According to the Bureau of Labor Statistics’ monthly report, the unemployment rate made a stunning leap in October from 9.8% in September to 10.2%...

UPDATE: The Senate has passed a bill to extend jobless benefits, a bill which also includes the extension in the homebuyer tax credit and carry-back...

Yesterday, the Congressional Budget Office put out An Overview of Federal Support for Housing. In the report, CBO outlined the nearly $300 billion in...

On Friday evening, the FDIC reported that it has taken over an additional nine banks ( FDIC Closes Nine Banks) for a cost to the FDIC of around $2.5...

Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times criticized the House Financial Services...

A number of very interesting and relevant reports have come out of the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) the...

The General Motors Acceptance Corporation (GMAC), previously owned by General Motors, has offered $2.9 billion of three-year bonds in the private debt...

The Senate has reached a consensus on the issue of extending the homebuyer’s tax credit, first implemented in the stimulus bill. The tax credit was...

On Friday evening, the FDIC reported that it has taken over an additional seven banks ( First DuPage Bank, Riverview Community Bank, Bank of Elmwood...

Update: Yesterday evening, Senators voted 87-13 to cut off debate to the unemployment insurance bill, which prevented the consideration of amendments...

The Administration has just announced a new small business lending initiative under the Treasury’s TARP. According to a White House release, the new...

With unemployment still growing, rising from 9.7 percent in August to 9.8 percent this past September, discussions have developed over the potential...