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Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare
This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. This report provides a brief overview of the economic arguments for free trade, common arguments for trade barriers, and the cause and economic significance of persistent large trade deficits.
Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare
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Gasoline Price Increases: Federal and State Authority to Limit "Price Gouging"
In the aftermath of last year’s hurricane season, questions arose regarding increased prices in the areas affected by Hurricanes Katrina, Rita, and Wilma and the effect that the damage caused by the hurricanes would have on prices, specifically gasoline prices, in other parts of the country. As gasoline prices have continued to rise in the months since, Congress has considered legislation addressing gasoline and oil prices that includes provisions related to price gouging. The House has recently passed two bills that include a federal prohibition on price gouging (H.R. 3893 and H.R. 5253). This report discusses state laws regarding price gouging, the role of the federal government in addressing rising gas prices, and selected federal legislative proposals specific to price gouging.
S. 2557, “Oil and Gas Industry Antitrust Act of 2006”: Brief Legal Analysis
This report analyzes ways to improve antitrust laws through S.557. These include, but are not limited to: mitigating regional shortages of oil petroleum and natural gas products, creating a federal task force to analyze information-sharing in the industry, and make U.S. antitrust laws applicable to the Organization of Petroleum Exporting Countries (OPEC).
Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress.
Algeria: Current Issues
This report examines the current state of Algeria, including the country's associations with terrorism, despite steady decreases of domestic terrorism; the lessening in power of the Algerian military; and growing oil revenues.
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.
Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress.
The Effects of Government Expenditures and Revenues on the Economy and Economic Well-Being: A Cross-National Analysis
Congress passed and the President signed a reconciliation bill (P.L. 109-171) to reduce mandatory spending by $39 billion between FY2006 and FY2010. A revenue reduction reconciliation bill (H.R. 4297) has not been enacted as of the date of this report. Many argue that tax and spending reductions will stimulate economic growth, whereas many others argue that tax cuts will lead to a larger deficit with adverse economic effects and that spending cuts will reduce critical government services. This report examines the effects of government spending and taxation on economic growth and economic well-being by comparing the United States with 20 other industrial Organization for Economic Cooperation and Development (OECD) countries.
The Effects of Government Expenditures and Revenues on the Economy and Economic Well-Being: A Cross-National Analysis
Congress passed and the President signed a reconciliation bill (P.L. 109-171) to reduce mandatory spending by $39 billion between FY2006 and FY2010. A revenue reduction reconciliation bill (H.R. 4297) has not been enacted as of the date of this report. Many argue that tax and spending reductions will stimulate economic growth, whereas many others argue that tax cuts will lead to a larger deficit with adverse economic effects and that spending cuts will reduce critical government services. This report examines the effects of government spending and taxation on economic growth and economic well-being by comparing the United States with 20 other industrial Organization for Economic Cooperation and Development (OECD) countries.
El Salvador: Political, Economic, and Social Conditions and Relations with the United States
This report is on El Salvador: Political, Economic, and Social Conditions and Relations with the United States.
The Strategic Petroleum Reserve: History, Perspectives, and Issues
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The Strategic Petroleum Reserve: History, Perspectives, and Issues
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Space Launch Vehicles: Government Activities, Commercial Competition, and Satellite Exports
This report various sides of the debate related to domestic launch services, such as satellite export issues, the development of new launch vehicles by the private sector, and whether tax incentives or loan guarantees should be created for companies attempting to develop lower-cost launch vehicles.
China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security.
The Pattern of Interest Rates in 2006: Could It Signal an Impending Recession?
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The Pattern of Interest Rates in 2006: Could It Signal an Impending Recession?
No Description Available.
Space Launch Vehicles: Government Activities, Commercial Competition, and Satellite Exports
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Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress.
The North Korean Economy: Background and Policy Analysis
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Higher Education Tax Credits: An Economic Analysis
This report provides analysis of the education tax credit program in the context of issues facing Congress in regard to higher education. This report begins with a review of the economic rationale for subsidizing education, then describes federal subsidies for education in general and the education tax credits in particular. An analysis of the education credits follows and the report concludes with a discussion of education tax credit policy options.
The Rise of China and Its Effect on Taiwan, Japan, and South Korea: U.S. Policy Choices
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China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security.
California's San Joaquin Valley: A Region in Transition
This report analyzes the San Joaquin Valley (SJV) counties and statistically documents the basis of current socioeconomic conditions. The report further explores the extent to which the SJV shares similarities with and differs from the Appalachian Regional Commission (ARC) area and a 68- county Central Appalachian subregion which contains some of the most economically distressed counties in Appalachia. The report also examines the role of federal expenditures in the cities and counties of the SJV. In addition to examining socioeconomic conditions in the SJV, the report provides analysis of water supply and quality issues especially those concerning agriculture, air quality concerns, and rail and shipping issues.
Regulation of Broadcast Indecency: Background and Legal Analysis
Report on the regulations on broadcasting, including discussions of the Golden Globe and Super Bowl Halftime incidents, current regulations, Congressional response, and more.
Bovine Spongiform Encephalopathy (BSE, or "Mad Cow Disease") in North America: A Chronology of Selected Events
This report provides a chronology of selected events leading up to and following the discoveries of bovine spongiform encephalopathy (BSE, or “mad cow disease”) in North America. These are primarily regulatory, legal, and congressional developments that are frequently referenced in the ongoing policy debate. The chronology does not contain entries for the introduction of the many BSE-related bills introduced into this or previous Congresses, except for those in recent years where committee or floor action has occurred. This report, which will be updated if significant developments ensue, is intended to be used alongside other CRS reports that provide more background and context for the BSE policy debate, and that cover many specific legislative proposals.
Bovine Spongiform Encephalopathy (Mad Cow Disease): Agricultural Issues for Congress
This report presents the background and analysis of BSE (bovine spongiform encephalopathy, including the definition. It also discusses the BSE economic and trade implications as well as selected issues for Congress.
Topics in Aging: Income and Poverty Among Older Americans in 2004
Older Americans are an economically diverse group. In 2004, the median income of individuals age 65 and over was $15,199, but incomes varied widely around this average. Twenty-eight percent of Americans 65 or older had incomes of less than $10,000 in 2004, while 10% had incomes of $50,000 or more. As Congress considers reforms to Social Security and the laws governing pensions and retirement savings plans, it may be helpful to consider how changes to one income source would affect each of the others, and thus the total income of older Americans
Limiting Fannie Mae's and Freddie Mac's Portfolio Size
Federal Reserve Chairman Alan Greenspan and Treasury Secretary John W. Snow recently have urged the 109th Congress to pass legislation to limit the size of Fannie Mae’s and Freddie Mac’s portfolio to reduce the risk to the federal government and the economy. In 2003, these government-sponsored enterprises (GSEs) combined retained portfolio had risen to $1.6 trillion from $136 billion in 1990.
Bovine Spongiform Encephalopathy (BSE, or "Mad Cow Disease"): Current and Proposed Safeguards
This report presents an overview of bovine spongiform encephalopathy (BSE, or “mad cow disease”) in the United States. Shortly after the first case of BSE was announced, U.S. Department of Agriculture (USDA) and other officials announced measures to improve existing safeguards against the introduction and spread of BSE. This report discusses trade restrictions, the live-stock “feed ban”, as well as the BSE surveillance and testing in cattle.
The Economic Effects of Raising National Saving
Raising the share of income we save is a frequent aim of public policy. That may be particularly apparent in debates about the size of the federal budget deficit, but concerns about the low household saving rate have also prompted policymakers to consider ways to encourage individuals to save more. How much individuals save will directly affect their future economic well-being, but from a macroeconomic perspective, the source of saving — be it households, business, or government — makes no difference. This report presents standard economic analysis of the macroeconomic effects of raising saving.
Price Increases in the Aftermath of Hurricane Katrina: Authority to Limit Price Gouging
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The Macroeconomic Effects of Hurricane Katrina
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Price Increases in the Aftermath of Hurricane Katrina: Authority to Limit Price Gouging
No Description Available.
Current Economic Conditions and Selected Forecasts
This report contains information regarding the Current Economic Conditions, Recent Macroeconomic Developments, Posture of Monetary and Fiscal Policy, Summary of Current Developments, Sources of GDP Growth, Economic Forecasts 2001, and Promotion of Economic Growth. The report also presents statistics regarding the Growth Rate of Real GDP v. Final Sales, Civilian Unemployment Rate, Rate of Change in the Consumer Price Index, Rate of Change in the GDP Deflators, Rate of Change in Labor Costs, U.S. Foreign Trade Deficit, Alternative Measures of Fiscal Policy, The Growth Rates of the Monetary Aggregates, etc.
U.S. International Trade: Data and Forecasts
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Credit Union Regulatory Improvements Act of 2005 (CURIA)
On May 12, 2005, regulatory modernization legislation for credit unions was introduced as H.R. 2317. The three titles of the Credit Union Regulatory Improvements Act (CURIA) would provide regulatory changes requested by credit union industry advocates. These changes would provide supervisory flexibility to the National Credit Union Administration (NCUA), the federal regulator for the credit union industry, enhance the ability of credit unions to provide loans to their members, and ease credit union regulatory burdens.
China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security.
China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security.
Mad Cow Disease: Agricultural Issues for Congress
This report discuses lumber imports from Canada and provides a concise historical account of the dispute, summarizes the subsidy and injury evidence, and discusses the current issues and events.
Long-Term Growth of the U.S. Economy: Significance, Determinants, and Policy
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U.S. International Trade: Data and Forecasts
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Foreign Outsourcing: Economic Implications and Policy Responses
This report takes the approach that this experience will be the best predictor of the economic effects of outsourcing’s spread to the service sector. The substantive economic conclusion of this report is that foreign outsourcing is international trade in a somewhat different guise.
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.
Monetary Policy: Current Policy and Conditions
No Description Available.
Structure and Functions of the Federal Reserve System
No Description Available.
Mad Cow Disease: Agricultural Issues for Congress
Most countries banned U.S. beef after the December 2003 U.S. report of BSE (bovine spongiform encephalopathy, or mad cow disease) in a Canadian-born cow. Several of these markets have partially reopened. However, Japan and Korea, which together had purchased 57% (by value) of all U.S. beef exports in 2003, remain closed.
Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare
This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. This report provides a brief interview of the economic arguments for free trade, common arguments for trade barriers, and the cause and economic significance of persistent large trade deficits.
Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare
No Description Available.
Space Launch Vehicles: Government Activities, Commercial Competition, and Satellite Exports
No Description Available.
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