Congressional Research Service Reports - 1,175 Matching Results

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Dollar Crisis: Prospect and Implications

Description: This report describes the anatomy of dollar crisis, and possible reasons why a dollar crisis won't occur. The report discusses the macroeconomics effects of a dollar crisis, and the response of economic policy.
Date: May 6, 2008
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department

China's Sovereign Wealth Fund

Description: This report discusses China's ruling executive body, the State Council, which establishes the China Investment Corporation (CIC), a sovereign wealth fund, in September 2007 to invest $200 billion of China's then $1.4 trillion in foreign exchange reserves. Congress and financial analysts raised concerns about the CIC after its creation, partly because it was a comparatively large sovereign wealth fund, partly because it was government-owned, and partly because it reported directly to the State Council.
Date: May 5, 2008
Creator: Martin, Michael F.
Partner: UNT Libraries Government Documents Department

The Pattern of Interest Rates: Does it Signal an Impending Recession?

Description: The cyclical behavior of the economy is of great interest to Congress, yet the onset of an economic downturn is seldom recognized promptly. Policymakers frequently search for reliable recession predictors. The behavior of interest rates may provide advanced warning of an impending downturn. The easing of monetary policy in evidence since September 2007 is consistent with efforts to forestall or minimize an economic downturn. Economic growth has been low since the last quarter of 2007, and some forecasters are now predicting a recession in 2008.
Date: May 5, 2008
Creator: Labonte, Marc & Makinen, Gail
Partner: UNT Libraries Government Documents Department

The Single European Payments Area (SEPA): Implementation Delays and Implications for the United States

Description: This report presents a brief background on the efforts to create the Single European Payments Area (SEPA) by the European government and the banking industry. It assesses the current electronic payments systems from the wholesale (large value) level and the retail (small value) level of payments. The report then examines the attempts to develop the pan- European automated clearinghouse system (PEACH).
Date: May 2, 2008
Creator: Eubanks, Walter W.
Partner: UNT Libraries Government Documents Department

Monetary Policy and the Federal Reserve: Current Policy and Conditions

Description: Monetary policy can be defined as any policy relating to the supply of money. Since the agency concerned with the supply of money is the nation’s central bank, the Federal Reserve, monetary policy can also be defined in terms of the directives, policies, statements, and actions of the Federal Reserve, particularly those from its Board of Governors that have an effect on national spending. This report discusses current issues regarding monetary policy.
Date: April 30, 2008
Creator: Labonte, Marc & Makinen, Gail E.
Partner: UNT Libraries Government Documents Department

The Exon-Florio National Security Test for Foreign Investment

Description: This report covers the recent background of the Exon-Florio provision with special regards to issues faced in the 112th Congress. The Exon-Florio provision grants the President the authority to block proposed or pending foreign acquisitions of "persons engaged in interstate commerce in the United States" that threaten to impair the national security.
Date: April 8, 2008
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department

The Multilateral Debt Relief Initiative

Description: In Juen 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration.
Date: April 1, 2008
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

China’s Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, including the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run. As a result, such a move could diminish U.S. demand for Chinese products and thus could lower China's economic growth as well.
Date: February 27, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

China's Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, including the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run. As a result, such a move could diminish U.S. demand for Chinese products and thus could lower China's economic growth as well.
Date: February 27, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

Social Security Administration: Administrative Budget Issues

Description: The Social Security Administration (SSA) administers the Social Security program (Old-Age, Survivors and Disability Insurance, or OASDI) and the Supplemental Security Income (SSI) program, and provides administrative support to Medicare and several other federal programs. Total SSA spending in FY2007 was about $624 billion, about 99% of which was mandatory spending on benefit payments. This report focuses on SSA’s spending for administrative expenses, which is discretionary and amounts to about 1% of SSA’s total spending. This funding is provided in the Labor, Health and Human Services, Education, and Related Agencies appropriations bill.
Date: February 13, 2008
Creator: Romig, Kathleen
Partner: UNT Libraries Government Documents Department

The Recovery Rebates and Economic Stimulus for the American People Act of 2008 and Jumbo Mortgages

Description: This report discusses the H.R. 5140, the Recovery Rebates and Economic Stimulus for the American People Act of 2008, which would temporarily increase the maximum size of loans that Fannie Mae and Freddie Mac can purchase, and that the Federal Housing Administration (FHA) can insure.
Date: February 1, 2008
Creator: Weiss, N. Eric
Partner: UNT Libraries Government Documents Department

Loan Forgiveness for Public Service Employees Under the William D. Ford Direct Loan Program

Description: The College Cost Reduction and Access Act of 2007 (CCRAA; P.L. 110-84) establishes a new loan forgiveness provision for borrowers of loans made under the William D. Ford Direct Loan (DL) program who are employed in public service jobs for 10 years during the repayment of their loans. This report provides a brief description of the DL program loan forgiveness provision for public service employees and identifies issues that may be addressed as it is implemented.
Date: January 28, 2008
Creator: Smole, David P.
Partner: UNT Libraries Government Documents Department

Trade in Services: The Doha Development Agenda Negotiations and U.S Goals

Description: This report is designed to assist Congress to understand and monitor progress of the negotiations and the major issues that the negotiators are addressing. The report provides a brief background section on the significance of services to the U.S. economy. It then explains briefly the General Agreement on Trade in Services (GATS) and the structure and agenda of the services negotiations in the DDA round, including U.S. objectives in the negotiations. The report concludes with a status report on the negotiations and an examination of potential results.
Date: January 24, 2008
Creator: Cooper, William H.
Partner: UNT Libraries Government Documents Department

Campaign Finance: Legislative Developments and Policy Issues in the 110th Congress

Description: This report provides an overview of major legislative and policy developments related to campaign finance during the 110th Congress. The report discusses legislative and oversight hearings and floor action during the period. It also explores major policy issues that are relevant for Congress, but have largely occurred away from Capitol Hill. As of this writing, approximately 50 bills devoted primarily to campaign finance have been introduced in the 110th Congress, but none have become law. A new lobbying and ethics law, the Honest Leadership and Open Government Act (HLOGA) contains campaign finance provisions related to "bundled" campaign contributions and campaign travel. That measure is the only campaign finance related bill to become law during the 110th Congress.
Date: January 14, 2008
Creator: Garrett, R. Sam
Partner: UNT Libraries Government Documents Department

K-12 Education: Special Forms of Flexibility in the Administration of Federal Aid Programs

Description: This report begins with a review of the general nature of federal K-12 education program requirements, including their sources, purposes, and the concerns expressed by some grantees about them. This is followed by a description of the current special flexibility authorities under which many of these requirements may be waived or otherwise made inapplicable, along with an analysis of issues specific to individual authorities. This section is divided between authorities initially adopted before the No Child Left Behind Act of 2001 (NCLB) and authorities initiated in that legislation. The report concludes with an analysis of selected cross-cutting issues regarding these special flexibility authorities overall.
Date: January 10, 2008
Creator: Riddle, Wayne C.
Partner: UNT Libraries Government Documents Department

China’s Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China’s investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, the likelihood that this would occur, and the potential implications such action could have for the U.S. economy.
Date: January 9, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

Why is the Household Saving Rate So Low?

Description: This report begins by showing how much the household saving rate has declined in recent years. Next, it explains how household saving is measured, and provides some detail on how saving varies across the income distribution. Finally, it discusses factors that may account for the decline in household saving, as well as how much of a policy concern the decline in household saving may be.
Date: January 9, 2008
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department

Financial Services and General Government (FSGG): FY2008 Appropriations

Description: This report is a guide to one of the regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Defense. For both defense authorization and appropriations, this report summarizes the status of the bills, their scope, major issues, funding levels, and related congressional activity.
Date: December 20, 2007
Creator: Hatch, Garrett L.
Partner: UNT Libraries Government Documents Department

Understanding Mortgage Foreclosure: Recent Events, the Process, and Costs

Description: This report provides a general analysis and overview of current foreclosure issues addressed in the bills cited above. It begins with a description of the behavior of aggregate foreclosure rates. The behaviors of foreclosure rates are placed in the context of activity in the housing and mortgage market to illustrate any relationships. The foreclosure process is then explained, first from the point of view of a traditional financial lending institution, and then from the viewpoint of securitization when loans are sold in secondary markets. Finally, this report collects information from other studies to obtain an estimate of the average foreclosure costs. A brief discussion of the effect uniform foreclosure legislation may have on costs follows.
Date: November 5, 2007
Creator: Getter, Darryl E.
Partner: UNT Libraries Government Documents Department

Housing Issues in the 110th Congress

Description: This report examines housing-related issues that have become prominent in the 110th Congress. Possibly the most visible issue is the prevalence of subprime loans and growing mortgage default and foreclosure rates. Congress has responded with numerous hearings and legislative proposals both to change the way in which the lending and home-buying industry is regulated and to assist borrowers who are facing default and foreclosure.
Date: November 1, 2007
Creator: Perl, Libby; McCarty, Maggie; Foote, Bruce E.; Boyd, Eugene; Getter, Darryl E.; Jackson, Pamela J. et al.
Partner: UNT Libraries Government Documents Department

Student Loans, Student Aid, and FY2008 Budget Reconciliation

Description: This report reviews and briefly describes the major proposals contained in both the House-passed and Senate-passed versions of H.R. 2669 to achieve savings in mandatory spending through changes to federal student loan programs and to enhance student aid benefits or make other changes to existing federal student aid programs. It also reviews and describes the major changes enacted under P.L. 110-84 that are projected to achieve savings in mandatory spending and those that establish new or enhanced student aid benefits or that otherwise amend pre-existing federal student aid programs.
Date: October 23, 2007
Creator: Stoll, Adam; Smole, David P. & Mercer, Charmaine
Partner: UNT Libraries Government Documents Department

Financial Services and General Government (FSGG): FY2008 Appropriations

Description: This report is a guide to a new appropriations bill that Congress is considering for the first time this year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Financial Services and General Government. It summarizes the status of the bill, its scope, major issues, funding levels, and related congressional activity.
Date: July 20, 2007
Creator: Hatch, Garrett L.
Partner: UNT Libraries Government Documents Department