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What Is New?
Economic Indicators
- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): -0.2% in May 2010 News Release Historical Data Unemployment Rate: 9.7% in May 2010 News Release Historical Data Payroll Employment: +431,000(p) in May 2010 News Release Historical Data Average Hourly Earnings: +$0.07(p) in May 2010 News Release Historical Data Producer Price Index (PPI): -0.3%(p) in May 2010 News Release Historica […]
- Major Economic Indicators Latest Numbers
Consumer News
- Seven Manufacturers Announce Recalls to Repair Cribs to Address Entrapment, Suffocation and Fall Hazards: Industry Launches New Initiative to Secure Drop Sides with Free Immobilization DevicesThe Consumer Product Safety Commission (CPSC), with the cooperation of seven firms, announced voluntary recalls of more than two million cribs to address drop-side hazards and other hazards that affect the safety of young children. The recalling firms are providing consumers with free repair kits to immobilize the drop sides or other remedies. Do not attempt […]
- Seven Manufacturers Announce Recalls to Repair Cribs to Address Entrapment, Suffocation and Fall Hazards: Industry Launches New Initiative to Secure Drop Sides with Free Immobilization Devices
Economic Analysis
- U.S. International Investment Position, 2009The U.S. net international investment position at yearend 2009 was -$2,737.8 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S. investments abroad (table 1). At yearend 2008, the U.S. net international investment position was -$3,493.9 billion (revised). Full Text […]
- U.S. International Investment Position, 2009
Budget Office
- Estimates of Average Federal Tax RatesYesterday CBO released estimates of average federal tax rates—households’ federal tax liability divided by their income—in 2007 for households with various amounts of income. For each income category, the report also presents estimates of average before-tax and after-tax household income; the number of households; and that category’s share of taxes and inco […]
- Estimates of Average Federal Tax Rates
Economic Outlook
- Budgetary Effects for Senate Amendment 4333, a Substitute for H.R. 4213As introduced on June 9, 2010 […]
- H.R. 4173, Restoring American Financial Stability Act of 2010Cost estimate for the act as passed by the Senate on May 20, 2010. […]
- H.R. 4805, Formaldehyde Standards for Composite Wood Products ActCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on May 26, 2010 […]
- H.R. 3817, Investor Protection Act of 2009Cost estimate for the bill as ordered reported by the House Committee on Financial Services on November 14, 2009 […]
- H.R. 2142, Government Efficiency, Effectiveness, and Performance Improvement Act of 2010Cost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on May 20, 2010 […]
- Budgetary Effects for Senate Amendment 4333, a Substitute for H.R. 4213
Congressional Financial Literacy Day
April 27, 2010, Alexandria, Va. – The National Credit Union Administration today
highlighted NCUA and credit union industry efforts to enhance financial education
during the annual Congressional Financial Literacy Day on Capitol Hill. U.S. Senators
Daniel Akaka (D-Hawaii) and Michael Enzi (R-Wyoming) were honorary co-hosts of
this year’s event, which was attended several hundred congressional staff, members of
the news media and over a dozen federal agencies.
NCUA staff showcased the Agency’s new Office of Consumer Protection, which is
dedicated to assisting and improving consumer financial literacy, and distributed
informational materials designed to assist credit union members with money
management.
“If there’s one clear and obvious bright spot in the recent economic turmoil, it’s the
rededication of NCUA and the credit union industry to financial education,” commented
NCUA Chairman Debbie Matz. “Credit unions demonstrate a natural affinity for making
real-world, practical and useful financial literacy tools available to their members, and
NCUA takes every opportunity to foster those initiatives. I am pleased that NCUA was
able to articulate the credit union commitment to financial literacy today in front of a
Capitol Hill audience, and judging from the feedback from lawmakers and Congressional
staff in attendance, credit union leadership is appreciated.”
The National Credit Union Administration charters and supervises federal credit unions.
NCUA, with the backing of the full faith and credit of the U.S. government, also operates
and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the
deposits of 90 million account holders in all federal credit unions and the majority of
state-chartered credit unions. NCUA is funded by credit unions, not federal tax dollars.