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The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
WASHINGTON - Here's a look at how area members of Congress voted over the previous week. Along with the week's roll call votes, the House also passed by voice vote the following measures: the I-27 ...
The Congressional Budget Office (CBO) used procedures similar to those specified in the Federal Credit Reform Act (FCRA) to value assets purchased under the TARP. [ 4 ] In a report dated February 6, 2009, the Congressional Oversight Panel concluded that the Treasury paid substantially more for the assets it purchased under the TARP than their ...
(Bloomberg) -- Robyn Shultz was waiting for approval of her $40,000 small-business loan last week when the government’s first-come-first-served lending program ran out of cash.Shultz, 60, owns ...
The term “bailout” is typically applied to a situation in which resources are provided — often in the form of cash or a loan — to a struggling entity to save it from collapse.
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
All votes You may not like the bailout bill that passed during the dark days of 2008. If it angers you, you know whom to blame -- the representatives and senators who voted for its passage.