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 Country: United States
 Collection: Congressional Research Service Reports
Double-Dip Recession: Previous Experience and Current Prospect

Double-Dip Recession: Previous Experience and Current Prospect

Date: June 19, 2012
Creator: Elwell, Craig K.
Description: This report discusses factors suggesting an increased risk of a double-dip recession. A double-dip or W-shaped recession occurs when the economy emerges from a recession, has a short period of growth, but then, still well short of a full recovery, falls back into recession. It also discusses other factors that suggest economic recovery will continue. It presents the U.S. historical experience with double-dip recessions. It examines the role of deleveraging by households and businesses in the aftermath of the recent financial crisis in shaping the likely pace of economic recovery. The report concludes with a look at current economic projections.
Contributing Partner: UNT Libraries Government Documents Department
Troubled Asset Relief Program (TARP): Implementation and Status

Troubled Asset Relief Program (TARP): Implementation and Status

Date: May 18, 2012
Creator: Webel, Baird
Description: The Troubled Asset Relief Program (TARP) was created by the Emergency Economic Stabilization Act1 (EESA) enacted on October 3, 2008, to address the ongoing financial crisis. This report provides a brief outline of the programs created under TARP, recent changes made by Congress, and a summary of the current status and estimated costs of the program. It also provides an Appendix that contains detailed discussions of the individual TARP programs. This report will be updated as warranted by market and legislative events.
Contributing Partner: UNT Libraries Government Documents Department
The 2001 and 2003 Bush Tax Cuts and Deficit Reduction

The 2001 and 2003 Bush Tax Cuts and Deficit Reduction

Date: July 18, 2012
Creator: Hungerford, Thomas L.
Description: This report uses the context of the current and long-term economic environment to examine the tax cuts implemented by the George W. Bush Administration, including the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Contributing Partner: UNT Libraries Government Documents Department
Troubled Asset Relief Program (TARP): Implementation and Status

Troubled Asset Relief Program (TARP): Implementation and Status

Date: January 31, 2011
Creator: Webel, Baird
Description: The Troubled Asset Relief Program (TARP) was created by the Emergency Economic Stabilization Act (EESA) enacted on October 3, 2008 to address the ongoing financial crisis. This report provides a brief outline of the programs created under TARP, recent changes made by Congress, and a summary of the current status and estimated costs of the program. It also provides an Appendix that contains detailed discussions of the individual TARP programs.
Contributing Partner: UNT Libraries Government Documents Department
Higher Education Tax Benefits: Brief Overview and Budgetary Effects

Higher Education Tax Benefits: Brief Overview and Budgetary Effects

Date: July 10, 2012
Creator: Crandall-Hollick, Margot L.
Description: This report provides a brief overview of the higher education tax benefits that are currently available to students and their families. The report contrasts higher education tax benefits with traditional student aid, presents a brief history of higher education tax policy over the past 60 years, summarizes key features of the available tax benefits, and provides JCT estimates of revenue losses resulting from individual tax provisions.
Contributing Partner: UNT Libraries Government Documents Department
Monetary Policy and the Federal Reserve: Current Policy and Conditions

Monetary Policy and the Federal Reserve: Current Policy and Conditions

Date: July 6, 2012
Creator: Labonte, Marc
Description: This report discusses how the Federal Reserve (Fed) handles monetary policy, including background information about the execution of monetary policy, the recent and current stance of monetary policy, and current legislation and Congressional oversight that would affect the Fed's practices.
Contributing Partner: UNT Libraries Government Documents Department
Monetary Policy and the Federal Reserve: Current Policy and Conditions

Monetary Policy and the Federal Reserve: Current Policy and Conditions

Date: January 30, 2012
Creator: Labonte, Marc
Description: The Federal Reserve (Fed) defines monetary policy as the actions it undertakes to influence the availability and cost of money and credit. Since the expectations of market participants play an important role in determining prices and growth, monetary policy can also be defined to include the directives, policies, statements, and actions of the Fed that influence how the future is perceived. In addition, the Fed acts as a “lender of last resort” to the nation's financial system, meaning that it ensures continued smooth functioning of financial intermediation by providing financial markets with adequate liquidity. This role has become of great importance following the onset of the recent financial crisis. Congress has delegated responsibility for monetary policy to the Fed, but retains oversight responsibilities to ensure that the Fed is adhering to its statutory mandate “maximum employment, stable prices, and moderate long-term interest rates.” This report looks at the background and influences of current legislation that would affect the Fed's practices.
Contributing Partner: UNT Libraries Government Documents Department
Federal Research and Development Funding: FY2012

Federal Research and Development Funding: FY2012

Date: January 26, 2012
Creator: Sargent, John F., Jr.
Description: President Obama has requested $147.911 billion for research and development (R&D) in FY2012, a $772 million (0.5%) increase from the FY2010 actual R&D funding level of $147.139 billion. Congress will play a central role in defining the nation's R&D priorities, especially with respect to two overarching issues: the extent to which the federal R&D investment can grow in the context of increased pressure on discretionary spending and how available funding will be prioritized and allocated. Low or negative growth in the overall R&D investment may require movement of resources across disciplines, programs, or agencies to address priorities.
Contributing Partner: UNT Libraries Government Documents Department
Higher Education Tax Benefits: Brief Overview and Budgetary Effects

Higher Education Tax Benefits: Brief Overview and Budgetary Effects

Date: September 25, 2012
Creator: Crandall-Hollick, Margot L.
Description: This report provides a brief overview of the higher education tax benefits that are currently available to students and their families. The report contrasts higher education tax benefits with traditional student aid, presents a brief history of higher education tax policy over the past 60 years, summarizes key features of the available tax benefits, and provides JCT estimates of revenue losses resulting from individual tax provisions.
Contributing Partner: UNT Libraries Government Documents Department
Job Growth During the Recovery

Job Growth During the Recovery

Date: October 16, 2012
Creator: Levine, Linda
Description: This report analyzes employment data from the U.S. Bureau of Labor Statistics from December 2007 to September 2012, including characteristics of job loss and gain within several industries.
Contributing Partner: UNT Libraries Government Documents Department