National Debt

By emily_stacey

  • Global stock markets plunge

  • Federal funds rate target reduced from 2.25% to 2%, 1st quarter

  • Recession in the U.S. began in December of 2007 accotding to NBER

  • 4th quater GDP decreased @ an annual rate of 6.2%

  • Federal minimum wage increases from $6.55 to $7.25

  • Homebuyer tax credit extended and expanded

  • BP massive oil spill in Gulf of Mexico

  • U.S. recession ended in 2009, according to NBER

  • In 2011, for 2nd year straight, there will be no inflation-based increase in Social Security benefits

  • Debt problems in Europe and U.S. weigh on U.S. stocks

  • Wall Street suffers worst selloff in 2 years

  • Obama signs a two-month extension of the payroll taxcut

  • States reached $25 billion settlement with banks over foreclosure abuses

  • Supreme Court upholds health care law

  • Nation's foreclosures fall to 5-year low

  • Budget watchers urge the President and Congress to enact $4 trillion in savings over the next 10 years to completely address the deficit problem

    Saving Deficit

  • Paul O'Neill refuses to compromise with V.P. Dick Cheney when it came to making decisions

    Leadership Deficit

  • Budget reached $750 billion

    Budget Deficit

  • U.S. recorded a trade deficit of $34252 USD million

    Trade Deficit