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housing market crash
The housing market is a period of above-average levels of house price growth that is followed by a drop in prices, back to or lower than the point where the growth started. The drop in house prices begins at the point where the prices drop. People’s equity went down because the homes lost value and peoples saving were affected. -
2009 Budget Deficit
Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget.[9] A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Spending increases and tax credits resulting from the American Recovery and Reinvestment Act of 2009 accounted for another 200 billion of the budget deficit. -
obama tax cuts
Obama and Congress agreed on additional stimulus in the form of a $858 billion tax cut. there was 3 componets: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements, and $80 billion in research and development tax credits. The estate tax was exempted and there were additional credits for college tuition and children. -
goverment shutdown
From October 1 through 16, 2013, the United States federal government entered a shutdown and curtailed most routine operations because neither legislation appropriating funds for fiscal year 2014 nor a continuing resolution for the interim authorization of appropriations for fiscal year 2014 was enacted in time. The leadership was affected because it showed how the U.S government couldn't work together to get the funds for legislation. -
Trans Pacific partnership (TPP
The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement that threatens to extend restrictive intellectual property laws across the globe and rewrite international rules on its enforcement. Here in the U.S the (TTP) could potentially help out trade deficiet. US, Japan, Malaysia, Vietnam,Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
