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Inflation
In the recession prices have been increasing fast on a bunch of different things. Oil was at $101.32 for a barrel, and the government's key inflation reading, showed a 4.3% rise in overall prices over the past 12-months.
http://foreignpolicyblogs.com/wp-content/uploads/fpa.inflation.jpg -
Presidental Election
Democratic party won, Barak Obama. since Obama has been elected the national debt has risen 89.3%. (leadership)
https://www.youtube.com/watch?v=SV-xPS5-GxE -
Congress Approves 3 Free Trade Agreements
Congress approved trade with South Korea, Colombia, and Panama, the first trade agreements made in four years, trying to boost the economy and help people get back to work. (Balance of Trade)
http://cdn8.triplepundit.com/wp-content/uploads/2011/11/virtues-of-free-trade-image-e1320607380143.jpg -
Affordable Care Act (ObamaCare)
The goal is to give more Americans access to affordable, quality health insurance, and reduce health care spending.
(Savings)
http://www.nrcc.org/wp-content/uploads/2013/09/ObamaCare-Opposition-by-Demos_Small.png -
Obama signs bill warding off fiscal cliff
Bush administration's tax cuts for people earning less than $400,000 per year and couples earning less than $450,000. Also, It raises rates on those who make more than that from 35% to 39.6%, (Balance of paying) -
Federal Budget Deficit at smallest amount since 2008
In 2012 the federal deficit was $1.1 trillion and the next year in 2013 it went down to $680 billion, (budget)
http://graphics8.nytimes.com/newsgraphics/2014/02/27/deficit-chart/01071865b4201f2c70d34fcf5e3141227cd0b9bb/0228-web-DEFICIT-artboard_1.png -
Federal Debt
Todays Federal debt is $ 1 7,7 6 3,6 4 4,5 4 5 , 6 6 9 . 7 6 and increasing by an average of $2.4 billion each day. At this rate each persons share of debt would be about $56,000. (Budget) -
Current Prime Interest Rate
Currently 3.25% compared to early January of 2008, which was 6.5%. (Budget)
