Economic Crisis

By hylaconsumer1

  • Trade - Stock market crashed.

    Trade - Stock market crashed.
    linkThe U.S. stock market crashed and affected stocks worldwide.

  • Trade - Trade deficit drops

    linkTrade deficit drops sharply.

  • Leadership - Obama elected.

    Leadership - Obama elected.
    linkPresident Obama was elected into office.

  • Savings - Unemployment rate continues to rise.

    Savings - Unemployment rate continues to rise.
    linkThe economic recession continues to deepen as jobless claims climb above 10.0%, reaching 10.2% with October's monthly figures, forcing people to save less money and spend more money just to stay afloat.

  • Budget - Budget increases

    Budget - Budget increases
    linkSpending and deficits continuing to grow at a pace not seen since World War II.

  • Budget - Debt limit raised

    linkThe House of Representatives approved legislation to raise the U.S. debt limit by at least $2.1 trillion and cut federal spending by $2.4 trillion or more.

  • Leadership - New Chair of the Board of Governors of the Federal Reserve System

    Leadership - New Chair of the Board of Governors of the Federal Reserve System
    linkJanet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System for a four year term, ending on February 3, 2018.

  • Savings - Deficit is extremely high

    Savings - Deficit is extremely high
    linkThe federal government is running a $598 billion deficit as of August 31.