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 Collection: Congressional Research Service Reports
LIBOR: Frequently Asked Questions

LIBOR: Frequently Asked Questions

Date: July 16, 2012
Creator: Murphy, Edward V.
Description: This report answers frequently asked questions about the London Interbank Offer Rate (LIBOR), which is an estimate of prevailing interest rates in London money market. In particular, it addresses the effects of individual institutions, in response to an admission by Barclays (a British bank) that the bank had submitted false reports to manipulate the index.
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: July 6, 2012
Creator: Labonte, Marc
Description: This report discusses economic effects of the Federal Reserve's monetary policy, monetary policy vs. fiscal policy, the current stance of monetary policy given the financial crisis, and Congressional oversight and disclosure on the issue.
Contributing Partner: UNT Libraries Government Documents Department
China's Economic Conditions

China's Economic Conditions

Date: June 26, 2012
Creator: Morrison, Wayne M.
Description: This report looks at how economic reforms and trade liberalization that began in 1979 has lead to China blossoming into one of the world's fastest growing economies. The report surveys the rise of China's economy; describes major economic challenges facing China; and discusses the challenges, opportunities, and implications of China's economic rise for the United States.
Contributing Partner: UNT Libraries Government Documents Department
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
Rio+20: The United Nations Conference on Sustainable Development, June 2012

Rio+20: The United Nations Conference on Sustainable Development, June 2012

Date: June 18, 2012
Creator: Leggett, Jane A. & Carter, Nicole T.
Description: This report discusses the purpose of the June 2012 United Nations (U.N.) Conference on Sustainable Development (UNCSD or “Rio+20”) in Rio de Janeiro, Brazil. It looks at issues that could be addressed during the conference as well as how this conference may differ from the last U.N. Conference on Environment and Development (UNCED) in Rio in 1992.
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Legislative Branch: FY2013 Appropriations

Legislative Branch: FY2013 Appropriations

Date: June 6, 2012
Creator: Brudnick, Ida A.
Description: The legislative branch appropriations bill provides funding for the Senate; House of Representatives; Joint Items; Capitol Police; Office of Compliance; Congressional Budget Office; Architect of the Capitol; Library of Congress, including the Congressional Research Service; Government Printing Office; Government Accountability Office; and Open World Leadership Center. The legislative branch FY2013 budget request of $4.512 billion, which is submitted to the President by the legislative branch agencies and entities and included in the budget without change, was submitted to Congress on February 13, 2012. The request represents an increase of $205.5 million over the $4.307 billion in discretionary funding provided in Division G of the FY2012 Consolidated Appropriations Act, which was enacted on December 23, 2011.
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U.S.-Japan Economic Relations: Significance, Prospects, and Policy Options

U.S.-Japan Economic Relations: Significance, Prospects, and Policy Options

Date: May 29, 2012
Creator: Cooper, William H.
Description: This report discusses issues regarding U.S.-Japan economic relations, since the economic condition of each nation can affect the world economy and a U.S.-Japan bilateral economic relationship could influence economic conditions in other countries. U.S. and Japanese leaders have several options on how to manage their relationship, including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement.
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The Organization for Economic Cooperation and Development

The Organization for Economic Cooperation and Development

Date: May 25, 2012
Creator: Jackson, James K.
Description: This report provides a background of the Organization for Economic Cooperation and Development (OECD), financial crisis and the issues for Congress.
Contributing Partner: UNT Libraries Government Documents Department