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Hurricane Watch 2009
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In Congress
Departing Obama adviser urges more stimu
September 2, 2010
By: Washington Post
Departing White House chief economist Christina Romer urged Congress on Wednesday to "finish the job of economic recovery" by pumping more cash into the economy through additional tax cuts for businesses and middle-class families, as well as fresh investments in the nation's infrastructure.
Schumer Asks Fed to Curb Pitching of Business Credit Cards Exempt From Law
September 2, 2010
By: Bloomberg
Senator Charles Schumer, a New York Democrat, asked the Federal Reserve to look more closely at credit-card issuers pitching business cards to consumers, as the cards are exempt from provisions of the credit-card legislation.
Foreclosures Pose Potential Trouble on Election Day
September 2, 2010
By: NY Times
Home foreclosures, the epidemic spawned by the crash of the real estate market, are once again a potential election-year bugaboo.
Economists believe stimulus bill has created millions of jobs
September 1, 2010
By: Job.com
The national unemployment rate has been a major news story since the beginning of the recession in 2008. The Obama administration has been trying to take as many steps as possible to ensure that Americans can get back to work. One of the more controversial moves by the government was the $814 billio...
As economic policies fail, will the administration double down?
September 1, 2010
By: Christian Science Monitor
It’s clear from the president’s Rose Garden address today that the administration is fully aware of the significance of the weakening macro trends and associated loss of consumer and business confidence and, more importantly, the loss of general confidence in the administration’s ability to deal wit...
Federal spending rises a record 16%
  September 1, 2010 By: Washington Post Federal domestic spending increased a record 16 percent, to $3.2 trillion, in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package enacted to rescue the sinking economy.
Obama: GOP should back small-business bill
August 31, 2010
By: Philadelphia Inquirer
WASHINGTON - Acknowledging that the economy remains fragile, President Obama on Monday called on Congress to pass a package of aid for small business and said he would soon propose additional steps to promote hiring and economic growth. Read more: http://www.philly.com/inquirer/business/20100831_...
Obama Weighs Smaller Measures on the Economy
 August 31, 2010 By: NY Times WASHINGTON — President Obama is weighing new steps to bolster the economy, he said Monday. But any measures he takes seem likely to be small ones, and his options are limited with Congress showing little appetite for more spending in a hotly contested midterm election year.
It’s Not Over Until It’s in the Rules
August 30, 2010
By: Gretchen Morgenson, NY Times
NOW for the heavy lifting. Having passed the Dodd-Frank Act earlier this summer, the bill that aspires to reorder our financial universe in the wake of the most serious economic crisis in generations, Congress has moved on to other matters. Regulators are left to write the rules that will make finan...
Policy Options Dwindle as Economic Fears Grow
August 30, 2010
By: NY Times
THE American economy is once again tilting toward danger. Despite an aggressive regimen of treatments from the conventional to the exotic — more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve — fears of a second recession are growing, along w... |
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