Economic Stimulus

Economic Stimulus
Unemployment Drops to 8.3%
The Joint Economic Committee held a hearing on Friday about the January jobs report. The figures reveal that the unemployment rate dropped to 8.3% percent. BLS Acting Commissioner John Galvin testified to lawmakers about employment trends over the past month. More »
JEC Hearing

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Unemployment Drops to 8.3%
Friday     Washington, DC

The Joint Economic Committee held a hearing on Friday about the January jobs report. The figures reveal that the unemployment rate dropped to 8.3% percent. BLS Acting Commissioner John Galvin testified to lawmakers about employment trends over the past month.
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Bernanke Tells Lawmakers Economic Recovery "Frustratingly Slow"
Thursday     Washington, DC

Federal Reserve Chairman Ben Bernanke testified Thursday before the House Budget Committee on the economic outlook for 2012. On Wednesday, the committee reviewed CBO's economic forecast predicting unemployment at around 8.9% and slow economic growth through the rest of the year.
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Committee Considers Ways to Boost Job Growth
Wednesday     Washington, DC

The House Education and Workforce Cmte. examined the state of the economy and looked for opportunities to create jobs. Rep. John Kline (R-MN) chaired the hearing.
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Senate Budget Committee's Outlook for the Eurozone
Wednesday     Washington, DC

The Senate Budget Committee (Chairman Kent Conrad, D-ND) held a hearing on the outlook for the European economic situation. EU members met on Monday in Brussels to discuss possible solutions to boost growth and employment.
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Conferees Meet Again on Payroll Tax Legislation
Wednesday     Washington, DC

A week after their first meeting, House and Senate Conferees met again Wednesday morning to resolve House-Senate differences on the Social Security payroll tax cut extension, unemployment insurance program, Medicare physicians payment fix and other items.
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New CBO Report Offers Mixed Picture of the Deficit, Economy
Tuesday     Washington, DC

Congressional Budget Office Director Douglas Elmendorf discussed the new Budget and Economic Outlook released this morning. The new CBO's new Budget and Economic Outlook, released this morning, shows a small improvement in the deficit but rising unemployment.
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Lawmakers Examine the U.S. & Global Economy Outlook
Thursday, January 26, 2012     Washington, DC

The Senate Budget Committee held a hearing on the outlook for the U.S. and global economy. Economic policy experts and academics testitied before the Committee. Sen. Kent Conrad (D-ND) chairs the hearing.
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President Obama Promotes Job Plan in Las Vegas & Denver
Thursday, January 26, 2012     Washington, DC

President Obama's 5-state tour promoting his jobs growth plan continues with stops in Las Vegas and Denver. The President's "Blueprint for an America Built to Last" plan, outlined during the "State of the Union" Address on Tuesday, includes six legislative proposals to revitalize American manufacturing and bring jobs back to the U.S.
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Federal Reserve to Keep Rates Low Until 2014
Wednesday, January 25, 2012     Washington, DC

Federal Reserve Chairman Ben Bernanke held a news conference to present the Federal Open Market Committee's (FOMC) current economic projections and to provide additional context on the group's policy decision. The FOMC has announced that it plans to keep rates as low as they are now until at least late 2014.
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German Chancellor Angela Merkel Opens World Economic Forum
Wednesday, January 25, 2012     Davos-Klosters, Switzerland

Germany’s Chancellor Angela Merkel gave the opening address at the 42nd World Economic Forum Annual Meeting in Davos, Switzerland. In her speech, the Chancellor stated that Germany will do what is necessary to save European unity. The theme of this year’s Meeting, The Great Transformation: Shaping New Models, revolves around overhauling the global economic system.
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