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 Collection: Congressional Research Service Reports
Millennium Challenge Corporation
The Millennium Challenge Corporation (MCC) provides economic assistance through a competitive selection process to developing nations that demonstrate positive performance in three areas: ruling justly, investing in people, and fostering economic freedom. MCC issues include the level of funding to support MCC programs, the impact of budget reductions on MCC programs, the rate of program implementation, the results of MCC compacts, and procurement and corruption concerns. digital.library.unt.edu/ark:/67531/metadc85448/
Development of National Urban Growth and Rural Development Policy: Legislative and Executive Actions in 1970 and 1971
The 1970 Acts require the executive branch to submit the reports on the further development of urban growth policy, the location of Federal facilities, acceleration of the availability of government services and financial assistance (among other subjects) in support of rural community development. This report should assist in the evaluation of these submissions received from the President and executive departments and agencies. The report's basic purpose is to place individual legislative actions in the larger context of interrelated national urban and rural development objectives set forth by the Congress. The basic content of this report consists of three major components. The first summarizes 1970 legislative developments at both the State and Federal levels of government concerning contributions being made toward the development of a balanced national growth policy for the United States. The second component describes the actions taken by Congressional committees and the Congress in the first session of the 92nd Congress (1971). The final component is a detailed annotated summary of the published literature of urban and rural development made available in 1971. digital.library.unt.edu/ark:/67531/metacrs8138/
The Consumer Price Index: An Overview
The consumer price index is probably the most widely used measure of inflation. Changes i n the index affect the incomes of a substantial portion of the U.S. population. This report provides background information on the history and concepts of the index. In addition, several factors which may produce biases in the index are analyzed. The objective is to provide an introduction to the CPI f o r the policy maker who wishes to acquire a working knowledge of the concept as an aid in examining economic policy alternatives. digital.library.unt.edu/ark:/67531/metacrs8856/
High Interest Rates: Causes and Effects
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Federal Reserve Membership and Monetary Control
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A Summary of Prevailing Views on the Sources of Inflation
It is the purpose of this paper to present the range of viewpoints concerning the causes of inflation. Inflation is defined and distinguished from changes' in relative prices. The Monetarist, Post-Keynesian, and neo-Keynesian positions are discussed to illustrate the variety of perceptions as to the sources of sustained increases in the general price level. digital.library.unt.edu/ark:/67531/metacrs9032/
Merger Tactics and Public Policy
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Examining the Monetary Causes of the Economic Slowdown
This issue brief investigates the effects of changes in money supply growth on the current economic conditions. The results presented are based upon a statistical methodology outlined in a CRS report (No.82-43E, March 1982) of the same title. The approach may be distinguished from most previous work along these lines in that it attempts to estimate the statistical significance of the 1979-82 deceleration in monetary growth. The resulting estimates are then employed in analyzing the timing implications of decelerating monetary growth for episodes of high and volatile interest rates, for lower inflation, and for unstable economic growth. digital.library.unt.edu/ark:/67531/metacrs8800/
The Sensitivity of Small Businesses to Interest Rates: A Cross-Sectional View
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Monetary Policy: Recent Changes and Current Conditions
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Bankruptcy and Business Failure Data
The purpose of this report is to provide statistical data on the actual number of businesses that are filing for bankruptcy or ceasing operations. Tabular data of both a historical and current nature concerning business failures and bankruptcies is provided. digital.library.unt.edu/ark:/67531/metacrs9037/
Large and Continuing Deficits: Their Influence on Macroeconomic Performance
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High Interest Rates: Causes, Consequences, and Issues
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Solar Energy: The Federal Program and Congressional Interest
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Should the Federal Government Sponsor a National Lottery?: Some Preliminary Considerations
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Budget Deficits: Causes, Effects and Some Remedial Options
In 1981 Congress enacted extensive changes in taxing and spending policies that supporters of these changes expected to generate sufficient revenues, despite a series of tax rate cuts, to balance the budget by FY84. After the onset of recession in early 1982, however, the Reagan Administration's projections showed widening budget deficits, which culminated in an actual FY83 deficit of $195.4 billion. Despite enactment of the Tax Equity and Fiscal Responsibility Act of 1982, and, more recently, the Deficit Reduction Act of 1984, large deficits are expected to persist, even under continued favorable economic conditions, unless Federal taxing and spending policies are altered dramatically. digital.library.unt.edu/ark:/67531/metacrs9054/
The Balanced Budget Proposal: Some Macroeconomic Implications
This brief report outlines some possible macroeconomic implications of observing a statutory or constitutional commitment to balance the Federal budget. It does not address the legal questions about the proposal or their implementation, nor the economic and political questions related to decisions about the level of Federal revenues or expenditures. On the latter, its analysis refers to revenue and expenditure levels, in relation to total national product, typical of recent years. digital.library.unt.edu/ark:/67531/metacrs9239/
Pay Compatibility for Federal White-Collar Workers
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Exchange Rates: The Dollar in International Markets
Mainstream economic theory suggests that U.S. budget deficit was the main cause of the dollar appreciation between 1980 and early 1985. The high budget deficit forced the U.S. Government to compete against the private sector for available savings, raising interest rates in the United States. In response, net capital inflows to the United States increased, the demand for dollars on the foreign exchange market went up, and the dollar appreciated. Restrictive budgets and loose monetary policies abroad, both of which kept interest rates low abroad, also contributed to the dollar’s appreciation on over this period. digital.library.unt.edu/ark:/67531/metacrs8427/
Bank Failures: Recent Trends and Policy Options
During the 1980s the U.S. banking industry has experienced a rapidly growing number of failures. Many factors have contributed to this trend including deregulation, technology, individual bank management, and economic conditions. The Federal Deposit Insurance Corporation (FDIC) handles insured bank failures. Congress has been monitoring the recent trend and is concerned with the FDIC’s ability to continue to perform its supervisory and insurance operations. The present situation, information on key factors affecting the banking industry, and the FDIC’s role when a bank fails is discussed in this report. The reference section of this issue brief contains a list of CRS products providing background on the FDIC and legislative issues relevant to the agency. digital.library.unt.edu/ark:/67531/metacrs9064/
Gramm-Rudman-Hollings: Potential Economic Effects of Meeting Deficit Targets
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The Labor Market of the 1980s: Unemployment Omens in a Growing Economy
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The Labor Market of the 1980s: Unemployment Omens in a Growing Economy
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Japan: Prospects for Greater Market Openness
Japan has made considerable progress in opening its economy to imports, but significant obstacles remain. This report analyzes the underlying causes of Japan's market protection and assesses the prospects for Japan moving in the direction of greater market openness. digital.library.unt.edu/ark:/67531/metacrs5/
China's Prospects After Tiananmen Square: Current Conditions, Future Scenarios, and a Survey of Expert Opinion
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The Delaney Clause: The Dilemma of Regulating Health Risk for Pesticide Residues
Under the authority of the Federal Food, Drug, and Cosmetic Act (FFDCA), the Environmental Protection Agency (EPA) is responsible for establishing tolerances for pesticide residues in or on foods and feeds. Tolerances are legal limits to the amount of pesticide residues that can be found on a raw agricultural commodity at the farm gate or in a processed food. The FFDCA has two sections, 408 and 409, which set up different and inconsistent criteria for setting tolerances for pesticide residues in foods. digital.library.unt.edu/ark:/67531/metacrs27/
U.S. Living Standards Compared to Those of Six Other Industrialized Nations
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The Delaney Dilemma: Regulating Pesticide Residues in Foods -- Seminar Proceedings, March 16, 1993
A provision in the Federal Food, Drug, and Cosmetic Act, the Delaney Clause, appears to lower risks in the setting of tolerances for pesticide residues. It prohibits any substance from being added to processed foods if it induces cancer in man or animals. In reality, the provision created a dilemma because the zero-risk statute makes it difficult to regulate pesticides. Because of the prescription of Delaney, tolerances (legal limits) are established differently for carcinogens and non-carcinogens and in raw and processed foods. digital.library.unt.edu/ark:/67531/metacrs60/
Trade, Competitiveness, and International Economic Policy: A Bibliography of CRS Products
No Description digital.library.unt.edu/ark:/67531/metacrs80/
NAFTA: A Broad Economic Perspective
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China in Transition: Changing Conditions and Implications for U.S. Interests
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Japan's Economy: From Bubble to Bust
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Japan's Budget: Role in Economic Policymaking
No Description digital.library.unt.edu/ark:/67531/metacrs106/
Competitiveness: Economic Issue or Illusion?
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South Korea's Economy and Trade
No Description digital.library.unt.edu/ark:/67531/metacrs107/
Japan's Looming Bank Crisis: A Half Trillion Dollars in Non-Performing Loans?
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The Former Soviet Union and U.S. Foreign Aid: Implementing the Assistance Program, 1992-1994
In fiscal year 1994, the new states of the former Soviet Union became collectively the second largest recipient of U.S. foreign assistance made available from all sources. Whether and how the assistance program is helping to bring about democratic systems and free market economies is increasingly a question of interest to Congress and the public at large. digital.library.unt.edu/ark:/67531/metadc26073/
Cost-Benefit Analysis: Issues in Its Use in Regulation
This report sketches issues underlying broader use of cost-benefit analysis. It focuses on cost-benefit as one of several related frameworks for assessing regulatory actions or policies. Cost-benefit is the broadest of these frameworks, which also include impact assessment, risk assessment, and cost-effectiveness. Which analytical framework is appropriate depends on the regulatory context. digital.library.unt.edu/ark:/67531/metacrs188/
Food Additive Regulations: A Chronology
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Safe Drinking Water Act: State Revolving Fund Program
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"Mad Cow Disease" or Bovine Spongiform Encephalopathy: Scientific and Regulatory Issues
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Nitrogen Oxides and Electric Utilities: Revising the NSPS
No Description digital.library.unt.edu/ark:/67531/metacrs381/
Clean Water Act and TMDLs
Section 303(d) of the Clean Water Act requires states to identify waters that are impaired by pollution, even after application of pollution controls. For those waters, states must establish a total maximum daily load (TMDL) of pollutants to ensure that water quality standards can be attained. Implementation of this provision has been dormant until recently, when states and EPA were prodded by numerous lawsuits. The TMDL issue has become controversial, in part because of requirements and costs now facing states to implement a 25-year-old provision of the law. Congressional activity to reauthorize the Act, a possibility in the 2nd Session of the 105th Congress, could include TMDL issues, but the direction for any such action is unclear at this time. digital.library.unt.edu/ark:/67531/metacrs417/
Managed Health Care: Federal and State Regulation
No Description digital.library.unt.edu/ark:/67531/metacrs456/
Food Safety Agencies and Authorities: A Primer
No Description digital.library.unt.edu/ark:/67531/metacrs694/
Federal Regulation of Working Hours: The Ballenger and Ashcroft Proposals (H.R. 1 and S.4)
No Description digital.library.unt.edu/ark:/67531/metacrs739/
The Financial Outlook for Social Security and Medicare
No Description digital.library.unt.edu/ark:/67531/metacrs778/
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
No Description digital.library.unt.edu/ark:/67531/metacrs592/
Lobbying Regulations on Non-Profit Organizations
No Description digital.library.unt.edu/ark:/67531/metacrs758/
Current Economic Conditions and Selected Forecasts
This report begins with a comprehensive presentation of current economic conditions focusing on income growth, unemployment, and inflation. The posture of monetary and fiscal policy is surveyed as are the forecasts of economic activity. It concludes with data on the factors important for economic growth. digital.library.unt.edu/ark:/67531/metacrs623/
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