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Economic Stimulis Act of 2008- federal budget
Economis Stimulis Act
Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008. Also, to avert a recession, or ameliorate economic conditions. -
Obama and Congress pass ARRA- federal budget
ARRA
This act uses tax cuts and federal money to create new jobs. Which results in the government being 253 billion in debt. But, later on the debt will lower to 17 billion. -
congress passes health care reform bill- federal budget
health care reform bill
With this bill all americans will be able to afford quality health care. So, there will be higher taxes, or reduced government spending. -
Senate passes Financial Regulation Bill- savings
It was passed to help prevent regulatory failures. Also, to prevent risky behavior that almost caused economic collapse in 2008. -
World Leadership Defecit- leadership deficit
World leadership deficit
The U. S. Congress reform on special interests. Also they are unable to pass laws to provide equal health care. -
International Trade in Goods and Services- trade deficit
International tradeThe U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,
announced today that the goods and services deficit was $41.9 billion in July, down $3.3 billion
from $45.2 billion in June