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Economy Timeline
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Bush passes The Troubled Asset Relief Program
In order to purchase assets and equity from failing institutions, President Bush and Congress pass the troubled asset relief program. (BUDGET) http://www.learner.org/series/econusa/interactivelabs/economic-timeline -
President Obama passes the American Recovery and Reinvest Act (ARRA)
President Barack Obama and Congress pass the American Recovery and Reinvest Act (ARRA), which provided federal funds and tax cuts in order to create new jobs, save existing jobs, and encourage economic growth. (LEADERSHIP) http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Congress passes the Health Care Reform Bill
Congress passes the Health Care Reform Bill, aimed at providing affordable, quality healthcare for all Americans (BUDGET) http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Financial Regulations Bill is passed
Financial Regulations Bill is passed by Congress in an effort to prevent risky behavior and regulatory failures that brought about the collapse of the economy and cost millions of Americans their jobs and savings. (SAVINGS) http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Bill is passed to increase the US debt
July 2011 Congress votes for a bill authorizing an increase in the US debt. Debt ceiling is raised through a multistep process. (BUDGET) http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Obama signs the American Taxpayer Relief Act
In an effort to prevent the US from falling off a fiscal cliff, President Barack Obama signed the American Taxpayer Relief Act of 2012. (LEADERSHIP) http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Government is shut down
Government shutdown. Congress could not agree on the budget, therefore, they could not pass the 2014 budget. The government was forced to shut down for 16 days. (LEADERSHIP) http://en.wikipedia.org/wiki/United_States_federal_government_shutdown_of_2013 -
US produced more oil than was imported
In October 2013. the Energy Information Administration said that for the first time since February 1995, the U.S. produced more crude oil than it imported. (TRADE) http://www.politico.com/story/2013/11/us-oil-output-imports-99826.html
