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Current US Economic Policy
| 2009 | | |  | | | President Barack Obama |
Remarks by President Obama on Historic New Energy Bill
Clean energy to create new jobs and industries around the countryThe White House
Office of the Press Secretary
June 25, 2009 THE PRESIDENT: Hey, guys. Good afternoon. Right now, the House of Representatives is moving towards a vote of historic proportions on a piece of legislation that will open the door to a new clean energy economy...more | | |  | | President Obama at the G20 | |
President Obama Calls G20 Summit a Turning Point for RecoveryApril 2, 2009 By Merle David Kellerhals Jr.
Staff Writer
Washington — President Obama says the G20 Summit is a turning point in the pursuit of global economic recovery...more | | | Now Is the Time for Global Action on Economy, President Obama SaysPresident says G20 leaders must take bold, coordinated steps March 24, 2009 WASHINGTON: We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation. Now, the leaders of the Group of 20 have a responsibility to take bold, comprehensive and coordinated action that not only jump-starts recovery, but also launches a new era of economic engagement to prevent a crisis like this from ever happening again...more | | | BRIEFING BY SECRETARY OF THE TREASURY TIMOTHY GEITHNER
U.S. Department of Treasury
Washington, D.C.
March 23, 20098:56 A.M. EDT SECRETARY GEITHNER: Thanks for coming. Nice to see you. Obviously we're announcing this morning the next stage of our broad plan to help repair the financial system. But I want to start by stepping back, putting this in broader context...more | | |  | | President Obama speaks to a joint session of Congress February 24. | |
President Lays Out Economic Recovery AgendaEmphasis on energy, education and health care By Merle David Kellerhals Jr.
Staff Writer
February 25, 2009 Washington — President Obama spoke to Americans before a joint session of the U.S. Congress about his plans to stabilize, revitalize and expand an American economy that has been weakened and buffeted by an array of conflicting forces, from tight credit to stumbling stock markets...more | | |  | | | President Obama signs economic stimulus bill into law | |
Remarks by President Obama at Signing of Economic Stimulus BillPresident signs American Recovery and Reinvestment Act in Denver February 17, 2009 It is great to be in Denver. I was here last summer to accept the nomination of my party and to make a promise to people of all parties – that I would do all I could to give every American the chance to make of their lives what they will and see their children climb higher than they did. I am back today to say that we have begun the difficult work of keeping that promise. We have begun the essential work of keeping the American dream alive in our time...more | | |  | | Senate Majority Leader Harry Reid talks to reporters after the Senate passed the stimulus bill. | |
President Obama: Spend Now or Face Catastrophe LaterSenate passes stimulus bill; next step is conference with the House By Karen Calabria
Special Correspondent
February 10, 2009 Washington — The U.S. Senate passed its version of an economic stimulus bill, one that would pump more than $800 billion into the U.S. economy through a combination of public spending and tax cuts...more | | | | | 2008 |  | | | Anthony Cordesman responded to questions from a November 13 Co.Nx Global Forum that collected issues, questions and concerns for President-elect Barack Obama. |
Global Forum Discusses Messages for President-elect Barack Obama
Ask America webchat transcript, November 13November 18, 2008 Anthony Cordesman responded to questions from a November 13 Co.Nx Global Forum that collected issues, questions and concerns for President-elect Barack Obama...more | | |  | | U.S. Treasury Secretary Henry Paulson speaks on the financial rescue plan as the financial system shows signs of improvement. |
Sec. Paulson on Fighting the Financial Crisis, One Step at a Time
New York Times op-ed on efforts to stabilize the U.S. financial systemNovember 18, 2008 The following op-ed by U.S. Treasury Secretary Henry M. Paulson Jr., “Fighting the Financial Crisis, One Challenge at a Time,” appeared in the New York Times November 17 and is in the public domain...more | | |  | | President Bush makes a statement on the world economy November 15, in Washington. "There was a common understanding by all of us that we should take pro-growth economic policies," the president says after the meeting. |
Declaration of Summit on Financial Markets and the World Economy
Leaders discuss efforts to promote global growth and achieve reforms November 17, 2008 1. We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy and financial markets. We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the world’s financial systems...more | | | Major Countries Consider New Global Financial Order
| | French President Sarkozy, right, talks with European Commission President Barroso at a recent EU summit in Brussels, Belgium. | |
Lessons from the crisis likely to lead to regulatory convergence By Andrzej Zwaniecki
Staff Writer
October 20, 2008 Washington — A reform of the global financial order will strengthen and harmonize financial regulation across borders as countries seek to prevent a repeat of the excesses that led to the current financial crisis, according to experts...more U.S. Government to Invest in Banks to Boost Confidence
 | | President Bush announces the government’s plan to invest in banks. | |
Bush administration acts on an internationally agreed plan By Andrzej Zwaniecki
Staff Writer
October 14, 2008 Washington — The U.S. government is taking partial ownership of some of the largest banks and is applying other extraordinary and aggressive measures to return confidence to financial markets and restore their capacity to lend to consumers and businesses...more U.S. Acting Aggressively to Stem Market Instability, Bush Says | | Global financial markets continue showing turbulence as governments intercede to stem instability. | |
Bush will meet with G7, IMF and World Bank officials By Merle D. Kellerhals, Jr.
Staff Writer
October 10, 2008
Washington — The United States has developed an effective and aggressive financial plan to restore stability to the nation’s financial markets, ease a credit crunch that has gripped the nation’s economy, and help world economies stabilize, President Bush says...more Financial Rescue Bill Boosts Hope as Bush Signs It into Law | | Speaker of the House Nancy Pelosi signs the financial rescue bill after the House of Representatives approves it on the second try. | |
House of Representatives approves controversial plan on second try
By Andrzej Zwaniecki
Staff Writer
October 3, 2008 Washington — The president signed into law a $700 billion financial rescue bill within hours of its passage by the House of Representatives...more Policy Researchers Support Financial Plan, with Reservations
 | | Washington economists debate the rescue plan and largely favor it, though some aspects are as cloudy as the Washington sky October 1. | |
They say the only certainty is that doing nothing is unacceptably risky By Burton Bollag
Special Correspondent
October 2, 2008 Washington — The five economics specialists on a panel at the Brookings Institution were not sure how the government’s $700 billion financial rescue package would be used or what it would accomplish. But they all support it because they believe the price of inaction could be even greater...more U.S. Senate Endorses Financial Rescue Plan
 | | | Despite the financial crisis he predicted, billionaire Warren Buffet continues to invest in U.S. and foreign companies. | |
Senators sweeten the package to sway reluctant House members By Andrzej Zwaniecki
Staff Writer
October 2, 2008 Washington — The U.S. Senate approved a revised version of the $700 billion plan to shore up the U.S. and global financial systems, reviving hope that the measure will be passed by the other congressional chamber, which rejected the plan days earlier...more How Will Washington Prevent Another Financial Crisis?
 | | Experts expect new rules to ban credit card companies from offers with hidden or unjustified interest fees. | |
Everything from abusive lending to unregulated derivatives may be curbedBy Burton Bollag
Special Correspondent
October 1, 2008 Washington — Whatever the impact of the federal government's gigantic rescue plan for the country's financial system, observers say, new rules governing the system will surely follow....more Bush Seeks Quick Congressional Action on Financial Crisis | | | After speaking on the economy, the president enters the White House, followed by officials from the SEC, Treasury and Federal Reserve. | |
White House works overtime to convince Congress to buy bad loans By Elizabeth Kelleher and Merle D. Kellerhals Jr.
Staff Writers
September 19, 2008 Washington — Saying “hundreds of billions” of taxpayer dollars are needed to buy bad mortgage loans and shore up the U.S. financial system, Treasury Secretary Henry M. Paulson Jr. pledged to spend the weekend of September 20 working with Congress on legislation he hoped would be passed as early as the following week...more Startups Compete for Attention, Capital in Innovative Contest
In Silicon Valley, TechCrunch50 competition gives new businesses exposureBy Andrzej Zwaniecki
Staff Writer
September 11, 2008 San Francisco — Hungry entrepreneurs used to come to Silicon Valley in California on their own to vie for the attention of venture capitalists and seek advice from industry insiders. But editors of a popular technology blog have opened the gates of this hub of innovation to would-be business owners...more Government Rescues Two Biggest Mortgage Companies | | A sign declares a lower price for this home. Help for mortgage giants Fannie Mae and Freddie Mac may steady the U.S. housing market. | |
Help meant to stem further problems in housing market By Burton Bollag
Special Correspondent
September 11, 2008 Washington — The decision of the U.S. government to seize control of America's two largest mortgage companies, known as Fannie Mae and Freddie Mac, could cost taxpayers many billions of dollars. But the move was made to prevent what many feared could be an even costlier scenario: a possible collapse of the two companies, with disastrous consequences for the housing and financial markets...more ITC RELEASES THE YEAR IN TRADE 2007By Peg O'Laughlin
August 4, 2008 The U.S. International Trade Commission (ITC) today released The Year in Trade 2007, its annual overview of the previous year's trade-related activities. The ITC's The Year in Trade is one of the government's most comprehensive reports of U.S. trade-related activities, covering major multilateral, regional, and bilateral developments....more FACTS ABOUT AMERICAN BEEF | June 12, 2008Do Americans eat U.S. beef?
You bet. Ninety-five percent of the beef that is consumed in the United States is U.S. beef. We eat U.S beef and we eat it a lot.Is the U.S. beef exported to Korea different from the beef that is consumed domestically in the United States?...more
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| President George W. Bush
White House photo
by Chris Greenberg |
14 March 2008 - President Bush Visits the Economic Club of New York THE PRESIDENT: Glenn, thanks for the kind introduction. Thanks for giving me a chance to speak to the Economic Club of New York. It seems like I showed up in an interesting moment -- (laughter) -- during an interesting time. I appreciate the fact that you've assembled to give me a chance to share some ideas with you.
First of all, in a free market, there's going to be good times and bad times. That's how markets work. There will be ups and downs. And after 52 consecutive months of job growth, which is a record, our economy obviously is going through a tough time. It's going through a tough time in the housing...more 200716 Oct 2007 - Work on Market Imperfections Wins Three Americans Nobel PrizeTheory advanced by laureates in economics finds broad applications
Washington -- Three U.S. economists won the 2007 Nobel Memorial Prize in Economic Sciences for advancing a theory that helps to identify market imperfections and design mechanisms that make some market operations and social interactions more efficient. more
200624 Jul 06 - Doha Trade Negotiations Collapse; U.S. To Consult on Next Steps Washington -- As long-stalled World Trade Organization (WTO) negotiations finally collapsed, U.S. Trade Representative Susan Schwab reaffirmed U.S. commitment to a successful conclusion some day and rebutted European Union (EU) statements blaming the United States for the failure. more
24 Jul 06 - DDA Fact Sheet
President Bush remains committed to a successful and ambitious outcome to the Doha Development Agenda (DDA) While Europe has not put forward meaningful proposals to generate real market access, the United States will not give up The President has instructed his trade representative to continue engagement with our trading partners to achieve the development and economic growth objectives that launched the Doha Round. more
2 March 06 - New U.S. $10 note to begin circulating March 2, 2006On March 2, 2006, the Federal Reserve banks will begin distributing the redesigned Series 2004 $10 notes to the public through commercial banks. The notes will begin circulating immediately in the United States, and then be introduced in other countries in the days and weeks following, as international banks place orders for $10 notes from the Federal Reserve. more
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