Economic Stimulus

January 2008

BNA's Web Watch is prepared by Laura Gordon-Murnane. E-mail suggestions for future weekly topics always welcome.

Federal Government

White House
President Bush Discusses Economy in Chicago, Illinois
Union League Club of Chicago
Chicago, Illinois

Congressional Hearings
Senate Joint Economic Committee
What Should the Federal Government do to Avoid a Recession ( Wednesday January 16, 2008)
Opening Statements: Senator Schumer's Opening Statement

Witnesses:
Dr. Lawrence Summers, Former U.S. Treasury Secretary  

 Lawrence Mishel, President, Economic Policy Institute

William W. Beach, Director, Center for Data Analysis, The Heritage Foundation

Charts and Data:
Real Oil and Gas Prices Approaching Record Highs

Housing Investment Has Dropped Sharply, Reducing Demand and Making Recession More Likely

The Unemployment Rate Jumped in December  

 This Bush Administration Ties First Bush Presidency's Weak Job Growth Record, Worst Since Herbert Hoover  

Credit Remains Tight for Noncomforming Loans

Private Job Growth Negative for First Time Since July '03

House Committee on the Budget
CBO's Long-Term Budget Outlook (Thursday, December 13, 2007)
Witness:
Dr. Peter Orszag
Congressional Budget Office

Web Casts (1 hours, 38 minutes):
Video (324mb) | Audio (24mb) 

State of the U.S. Economy and Implications for the Federal Budget (Wednesday, December 5, 2007)

Witnesses:
Dr. Peter Orszag Director Congressional Budget Office

Dr. Martin Feldstein George F. Baker Professor of Economics Harvard University and
President and CEO  National Bureau of Economic Research

Dr. C. Fred Bergsten Director Peterson Institute for International Economics

Web Casts (2 hours, 20 minutes):
Video (334mb) |  Audio (33mb)  

Congressional Budget Office
Options for Responding to Short-Term Economic Weakness, January 2008

The Long-Term Budget Outlook, December 2007  html  pdf  data

Federal Reserve
Chairman Ben S. Bernanke
The economic outlook - Before the Committee on the Budget, U.S. House of Representatives January 17, 2008

Beige Book (January 16, 2008)

Chairman Ben S. Bernanke
At the Women in Housing and Finance and Exchequer Club Joint Luncheon, Washington, D.C.
January 10, 2008  “Financial Markets, the Economic Outlook, and Monetary Policy”

Boston Federal Reserve
A Historical Perspective on Housing Downturns
by Eric S. Rosengren, President & Chief Executive Officer
Connecticut Business and Industry Association’s 2008 Economic Summit and  Outlook
Hartford, Connecticut
January 8, 2008
Complete speech, with exhibits

Philadelphia Federal Reserve
The Economic Outlook and the Fed's Roles in Monetary Policy and Financial Stability
Presented by Charles I. Plosser, President and Chief Executive Officer
Federal Reserve Bank of Philadelphia Main Line Chamber of Commerce Economic Forecast Breakfast
(January 8, 2008)

St. Louis Federal Reserve
Federal Reserve Bank of St. Louis President William Poole Speech (January 9, 2008)

International Organizations

United Nations
World Economic Situation and Prospects 2008

Global Economic Outlook Data