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- NRF Calls on Congress to Hold Lame Duck Session on Economy and Include Consumers in Stimulus Legislation
- WASHINGTON -- The National Retail Federation today called on Congress to hold a lame duck session to address the nation's economy as soon as possible after the November elections, and to include tax relief for consumers in any economic stimulus package that is adopted. "The United States is in...
- Research articles 2008-10-15
- Japan PM Fukuda resigns in surprise move
- TOKYO, Sept 1, 2008 AFP — Japanese Prime Minister Yasuo Fukuda announced his sudden resignation Monday, calling for a fresh start after a troubled year in power that saw bitter fighting with the opposition. The surprise announcement came after the 72-year-old political moderate failed to turn around dwindling public...
- Research articles 2008-09-01
- Exports push up GDP to 3.3% pace
- WASHINGTON AFP — Economic growth accelerated to a 3.3-percent annual pace in the second quarter as exports fueled activity, the government said Thursday in a revised estimate of gross domestic product GDP. The Commerce Department revised up last month's estimate of a 1.9-percent pace of growth in GDP. ...
- Research articles 2008-08-28
- Exports push up US GDP to 3.3% pace
- WASHINGTON AFP — US economic growth accelerated to a 3.3-percent annual pace in the second quarter as exports fueled activity, the government said Thursday in a revised estimate of gross domestic product GDP. The Commerce Department revised up last month's estimate of a 1.9-percent pace of growth in GDP....
- Research articles 2008-08-28
- Japan's economic package to reach 73 billion dollars: report
- TOKYO AFP — Japan is set to unveil a stimulus package worth eight trillion yen (73 billion dollars) in a bid to shore up the economy, a report said on Saturday. Economic fiscal policy minister Kaoru Yosano delivered a draft of the planned measures to Prime Minister Yasuo Fukuda...
- Research articles 2008-08-22
- Sour economy top issue in US presidential race
- WASHINGTON AFP — The US economy has become the number-one issue of November's fast-approaching presidential election, and whoever ends up controlling the White House will face pressing budget and fiscal challenges. Some analysts say a flailing economy can benefit a challenger from the party that does not control the...
- Research articles 2008-08-17
- US consumer spending cools as inflation heats up
- WASHINGTON AFP — US consumer spending cooled in June and inflationary pressures accelerated strongly as higher food and energy costs stretched Americans' wallets, a government survey showed Monday. The monthly Commerce Department snapshot also showed that Americans' incomes moderated in June after both spending and income got a hefty...
- Research articles 2008-08-04
- Press Briefing by Director of the Office of Management and Budget Jim Nussle and Chairman of the Council of Economic Advisers Dr. Ed Lazear on the Mid-Session Review
- WASHINGTON -- Room 350 Eisenhower Executive Office Building 1:40 P.M. EDT DIRECTOR NUSSLE: Good afternoon. Thank you for attending. The Mid-Session Review -- or popularly called the MSR -- updates the administration's estimates of receipts, outlays, and deficits or surpluses, to reflect economic, legislative and other changes...
- Research articles 2008-07-28
- US budget deficit to hit record 482 bln dlrs
- WASHINGTON AFP — The US government's budget deficit is expected to balloon to a record 482 billion dollars in the next fiscal year, largely due to an emergency economic stimulus and a slowing economy, a White House report showed Monday. The report revealed that the Office of Management and...
- Research articles 2008-07-28
- The freedom index: a congressional scorecard based on the U.S. constitution
- Our third look at the 110th Congress shows how every representative and senator voted on key issues, such as economic stimulus, oil, the federal budget, mortgage relief and global warming. House Vote Descriptions 21 Head Start. The final version conference report of H.R. 1429, a bill to reauthorize...
- Research articles 2008-07-21
- Fiscal stimulus supports more optimistic outlook for rest of year
- U.S. GDP increased at an estimated annual rate of 0.9 percent in the first quarter of 2008, propped up by personal expenditures on services, government spending and net exports. Housing remains a drag on growth, subtracting 120 basis points from the first quarter GDP figure, while a pull back in...
- Research articles 2008-06-25
- Nation's credit crisis may be fading
- WASHINGTON -- The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, although he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now. In an interview...
- Research articles 2008-05-08
- Tax rebates starting to arrive
- WASHINGTON -- The government began depositing tax rebate checks in thousands of bank accounts on Monday as the stimulus program aimed at giving the ailing economy a jump-start got under way early. The Internal Revenue Service started making the direct deposits on Monday with the goal of completing...
- Research articles 2008-04-29
- Remarks by the President to America's Small Business Summit 2008
- WASHINGTON -- Renaissance Washington, D.C. 11:12 A.M. EDT THE PRESIDENT: Thank you all. Thanks for coming. Thank you very much. (Applause.) Thank you. Thanks for the warm welcome. I appreciate you being here in the Nation's Capital. I know most of you have come from out of town,...
- Research articles 2008-04-18
- Congress returns to Washington, will address economic issues.
- Congress returns from its two-week recess to face continuing problems in the housing and financial markets, including the Federal Reserve's bailout of Bear Stearns and budget and tax issues. Using the budget as an opportunity to highlight their priorities and their differences, both House...
- Research articles 2008-03-31
- Trying to stimulate the economy: Congress works on tax refunds, business incentives
- It can be surprising, sometimes, how fast Congress can move when it wants to. The economic stimulus package is a case in point. By the time you read this, it may be ali done and tax refund checks in the malt--at least that was the plan. A slowing of...
- Research articles 2008-03-01
- Economic stimulus package
- Congress reconvened in January amid intense discussion of an economic stimulus package to help soften the impact of the accelerating downturn, characterized by declining home prices, tightened credit, increased joblessness, stock market turmoil, and other signs of economic Weakness. With several human service programs receiving prominent attention as possible pack...
- Research articles 2008-03-01
- United States
- Highlights and Key Issues * Recent economic indicators continue to indicate deteriorating economic conditions. Consumer demand has been hit by declining payroll employment, rising energy prices, record levels of mortgage delinquency and falling wealth. Both ISM indexes are showing mild contraction, and orders have been disappointing. And there is still...
- Research articles 2008-03-01
- Bentsen Represents ELFA at Stimulus Bill Signing
- February 13, 2008 saw President Bush sign the Economic Stimulus Act of 2008 into law. An important piece of legislation for the overall economy, the Economic Stimulus Act also contained provisions specifically impacting those in the equipment leasing and finance sector. New legislation includes a 50 percent bonus depreciation provision...
- Research articles 2008-03-01
- Building Industry Association applauds action to increase federal conforming loan limits
- The Building Industry Association / Desert Chapter applauds President Bush and the U. S. Congress for their swift action to enact an economic stimulus package including a provision designed to make financing costs for homebuyers more affordable. "This important action of the federal government comes not a moment too soon,"...
- Research articles 2008-02-19
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