The Federal Reserve transferred $47.4 billion, a record sum, to the Treasury Department last year, a result of the central bank’s actions to support the fragile housing market.
The transfer to the public coffers rose roughly 50 percent, or $15.7 billion, from $31.7 billion transferred in 2008,
With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.
With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.
During the mid-1990s, when Bill Clinton was doing everything he could to make happy Congressional Republicans who later impeached him, Jason De Parle of the New York Times was right along with them, becoming a leading media voice for “welfare reform.”
As we have noted in previous ITN items, UN-like the Federal government, which can run up huge budget deficits, for reasons having to do with Dollar Hegemony – a soon-to-be-appearing section in our ever-updating Reference section – individual US states are forbidden
A quiet revolution is transforming how medical care is delivered in this country, and it has very little to do with the sweeping health care legislation President Obama just signed into law.
But it could have a big impact on that law’s chances for success.
The ranks of those facing foreclosure swelled by a quarter-million households in the fourth quarter, new government data shows.
Households that are at least 90 days delinquent on their mortgage payment now number at least 1.6 million, according to a report Thursday issued by the Office of the Comptroller of the Currency and the Office of Thrift Supervision …[br]
Despite the fact that it was the lead story on the NYTimes website all day Friday, and then followed on Saturday by a “News Analysis” calling it “Bold”,
Along with Frank Rich and Paul Krugman – who, despite our occasional disagreements, we still think is the best economics columnist in the mainstream US media, bar none –
The annual survey, conducted by advocacy group Small Business California, revealed low confidence in the state’s business and political climate among business owners.
