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Term Auction Facility
Investopedia article
The Term Auction Facility (TAF) is a temporary program managed by the United States Federal Reserve that was implemented in response to problems with the subprime mortgage crisis. TAF allows the Federal Reserve to auction set amounts of collateral-backed short-term loans to depository institutions that are judged to be in sound financial condition by their local reserve banks.
Monetary -
81 Public Coporations Declare Bankruptcy
Time Article
81 public corporations filed for bankruptcy, the largest in history. The Lehmen Brothers also made it the largest single bankruptcy in history with $691 billion in assets.
Monetary -
Cash for Clunkers
Autonews Article
Cash for Clunkers allowed buyers with low-mileage vehicles to trade in their vehicles for money to buy a more fuel efficient vehicle. Also saved the US auto industry
Fiscal -
Obama's New Budget Plan
NYTimes article
President Obama presents his 2011 budget of $3.8 trillion and his 10-year budget plan to Congress. The budget includes a $1.6 trillion deficit in the next fiscal year, and then steadily declines over the following 10 years.
Fiscal -
Trade Deficit Lessens
TradingEconomics article
The U.S. trade deficit went from $44.6 to $42.4 billion dollars between 2014 and 2015. It was a result of increased exports from the U.S. of things like cars and oil and falling imports of electronics.
Fiscal -
Budget Deal
CBO article
Congress passed a budget deal in December that will raise the deficit by $544 billion. This would increase the national debt to 76% of GDP.
Fiscal
