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The Economic Stimulus Act of 2008 (Pub. L. 110–185 (text) (PDF), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
George W. Bush during his presidency of 8 years from 2001 to 2009 signed 56 signature pieces of legislation. Major ones of these included USA PATRIOT Act, Joint Resolution to Authorize the Use of United States Armed Forces Against Iraq, Job Creation and Worker Assistance Act of 2002, United States-Chile Free Trade Agreement Implementation Act, Controlling the Assault of Non-Solicited ...
President Bush was in office from January 2001 to January 2009, a complex and challenging economic and budgetary time. In addition to two recessions (2001 and the Great Recession of 2007–2009), the U.S. faced a housing bubble and bust, two wars, and the rise of Asian competitors, mainly China, which entered the World Trade Organization (WTO ...
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed by President George W. Bush. It is also known by its abbreviation EGTRRA (often pronounced "egg-tra" or "egg ...
Signed into law by President George H. W. Bush on November 5, 1990 [1] The Omnibus Budget Reconciliation Act of 1990 (OBRA-90; Pub. L. 101–508, 104 Stat. 1388, enacted November 5, 1990) is a United States statute enacted pursuant to the budget reconciliation process to reduce the United States federal budget deficit.
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1,043 of the 3,234) of savings and loan associations (S&Ls) in the United States from 1986 to 1995. An S&L or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual ...
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [ 1 ] excessive risk-taking by global financial institutions, [ 2 ] a continuous buildup of toxic assets within ...
On November 12, 2008, Paulson indicated that reviving the securitization market for consumer credit would be a new priority in the second allotment. [18] [19] On December 19, 2008, President Bush used his executive authority to declare that TARP funds could be spent on any program that Paulson, [20] deemed necessary to alleviate the financial ...