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  2. History of Federal Open Market Committee actions - Wikipedia

    en.wikipedia.org/wiki/History_of_Federal_Open...

    The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.

  3. What is the Federal Open Market Committee (FOMC)? Meet the ...

    www.aol.com/finance/federal-open-market...

    The FOMC is made up of 12 members: the seven board of governors, the president of the regional New York Fed and four other Reserve Bank presidents located throughout the country.

  4. United States House Committee on Ways and Means - Wikipedia

    en.wikipedia.org/wiki/United_States_House...

    The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives.The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, Temporary Assistance for Needy Families, foster ...

  5. Federal Open Market Committee - Wikipedia

    en.wikipedia.org/wiki/Federal_Open_Market_Committee

    The Federal Open Market Committee was formed by the Banking Act of 1933 (codified at 12 U.S.C. § 263) and did not include voting rights for the Federal Reserve Board of Governors. The Banking Act of 1935 revised these protocols to include the Board of Governors and to closely resemble the present-day FOMC and was amended in 1942 to give the ...

  6. House committee passes bill that would allow Medicare to ...

    www.aol.com/news/house-committee-passes-bill...

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  7. How new faces on a key Fed committee could change the ...

    www.aol.com/finance/faces-key-fed-committee...

    Fed Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in ...

  8. Omnibus Budget Reconciliation Act of 1993 - Wikipedia

    en.wikipedia.org/wiki/Omnibus_Budget...

    The AMT tax rate was increased from 24% to tiered rates of 26% and 28%. [4] Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments. $255 billion in spending cuts over a five-year period; much of the cuts affected Medicare or the military. [5]

  9. Sanders gets Finance perch to push Social Security, Medicare ...

    www.aol.com/sanders-gets-finance-perch-push...

    Sen. Bernie Sanders (I-Vt.), who supports expanding Social Security and Medicare and raising taxes on the wealthy, will get a seat on the Senate’s powerful Finance Committee, which has ...