Federal Budget & Tax

Federal Budget & Tax: News Blog Background

RECENT RELEASES

01/13/2009 Oversight Report Highlights Lack of Transparency in TARP

01/13/2009 House Adopts Changes in New Rules Package

10/21/2008 Commentary: Despite Record Deficits, Stimulus Package Warranted

10/07/2008 Commentary: Bailout Package Signed into Law; Economic Stimulus Still Needed

10/07/2008 Congress Enacts Flurry of Legislation at Year's End

09/23/2008 Free Market Ends as Washington and Wall Street Merge

09/23/2008 Commentary: On Bailouts, Congress Should Move with Great Care

09/23/2008 Senate Clears Contracting Reforms after Resolving Earmark Dispute

09/23/2008 Key Tax Policy Items Remain Unresolved

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Oversight Report Highlights Lack of Transparency in TARP

01/13/2009
When Congress passed the legislation that created the $700 billion Troubled Asset Relief Program (TARP), it authorized the creation of the Congressional Oversight Panel (COP) to monitor the execution of the program by the Treasury Department. The panel is required to issue reports on a regular basis, and its latest report, released Jan. 9, indicates that the Treasury Department either cannot or will not answer the questions posed to it in the COP's previous report, released on Dec. 10, 2008.

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House Adopts Changes in New Rules Package

01/13/2009
The 111th Congress began work on Jan. 5 when the House approved a new rules package, including further earmark reforms and a modification of pay-as-you-go (PAYGO) rules.

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