Expanding Principal Writedowns to Fannie and Freddie
Sometimes, the timing of things can really work out in Washington. Yesterday, President Obama nominated Rep. Mel Watt (D-NC) to be the head of the...
Economic Recovery Measures
How Much Is the Economy Contributing to Deficits?
Last Friday, the CBO released a report showing how much the business cycle has affected budget deficits since 1960. The report shows the effect that...
House Approves $50 billion in Sandy Relief
Yesterday, the House of Representatives approved an additional $50.5 billion in disaster funding for areas devastated by Hurricane Sandy by a 241-180...
The Economic Effects of Avoiding (Much of) the Fiscal Cliff
Update: CBO confirmed our numbers today, finding a remaining fiscal contraction of about 1 1/4 percent.The American Taxpayer Relief Act which...
Dec 11, 2012 | Blog Paper Press Release
Treasury Sells Remaining Shares in AIG
The Treasury Department reported today that it will sell its remaining shares in AIG, ending a more than four-year assistance program. The final sale...
What's On Congress's Plate
First off, CRFB would like to congratulate President Obama and all of those who were elected and re-elected to the Senate and the House. CRFB is...
Saving For a Rainy Day
As the East Coast and other communities affected by superstorm Sandy begin the work of rebuilding and assisting those who need help, the CRFB and Fix...
AIG Drives TARP Estimate Lower
The CBO has released its newest estimate of the Troubled Asset Relief Program (TARP), showing that it would cost taxpayers a total of $24 billion....
Sep 13, 2012 | Blog Paper Press Release
QE3 Is on the Way
After months of speculation and anticipation, the Federal Open Market Committee decided to undertake a third round of quantitative easing. The...
Sep 11, 2012 | Blog Paper Press Release
Treasury Winds Down TARP Support of AIG
As the Troubled Assets Relief Program (TARP) continues to wind down, the biggest programs remaining are the support of GM and AIG. The latest...