The National Bureau of Economic Research (NBER) has declared the U.S. economy to be in recession since December 2007. In response to high unemployment, some members of Congress proposed job creation bills, following several policy steps taken since the economy entered the recession, including stimulus bills in 2008 and 2009, an unprecedented expansion in direct assistance to the financial sector by the Federal Reserve, and the Troubled Asset Relief Program (TARP). This book discusses the current unemployment outlook and analyses policy proposals to address the issues and options for financing proposals.
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