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Global stock markets plunge
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Federal funds rate target reduced from 2.25% to 2%, 1st quarter
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Recession in the U.S. began in December of 2007 accotding to NBER
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4th quater GDP decreased @ an annual rate of 6.2%
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Federal minimum wage increases from $6.55 to $7.25
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Homebuyer tax credit extended and expanded
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BP massive oil spill in Gulf of Mexico
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U.S. recession ended in 2009, according to NBER
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In 2011, for 2nd year straight, there will be no inflation-based increase in Social Security benefits
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Debt problems in Europe and U.S. weigh on U.S. stocks
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Wall Street suffers worst selloff in 2 years
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Obama signs a two-month extension of the payroll taxcut
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States reached $25 billion settlement with banks over foreclosure abuses
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Supreme Court upholds health care law
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Nation's foreclosures fall to 5-year low
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Budget watchers urge the President and Congress to enact $4 trillion in savings over the next 10 years to completely address the deficit problem
Saving Deficit -
Paul O'Neill refuses to compromise with V.P. Dick Cheney when it came to making decisions
Leadership Deficit -
Budget reached $750 billion
Budget Deficit -
U.S. recorded a trade deficit of $34252 USD million
Trade Deficit