Kimberly's US Economy Blog

An inverted yield curve is when short-term Treasury note yields are higher than long-term Treasury bond yields. This means that investors prefer to purchase 10-year Treasury notes, at a lower ... Read More

The Energy Information Agency (EIA) forecasts the price of a barrel of West Texas Intermediate (WTI) crude to be at around $65 a barrel through 2008. This is partly because ... Read More

The primary duty of Congress is to write, debate, and pass bills, (formally introduced legislation). Some of the most important ways Congress affects the economy is in their control of the ... Read More

That portion of the discretionary budget that is not security-related will lose $21 billion over the next five years. It is being cut from $456 billion in FY 2008 to ... Read More

The President has submitted the U.S. Federal Budget FY 2008 to Congress, which is currently debating many of its measures. Your guide to the U.S. Economy has written an easy-to-use ... Read More

The Economic Report of the President basically paints a glowing picture of a healthy and vibrant U.S. Economy. It credits the President’s tax cuts, EGTRRA and JGTRRA, for providing the ... Read More

The U.S. Federal Budget for FY 2008 proposes dozens of program adjustments. (See OMB FY 2008 Budget, Table S-5. Mandatory Proposals for details). In FY 2008, the total savings is ... Read More

The FY 2008 Presidential Budget projects $2.662 trillion in revenue for FY 2008. One-fourth of this revenue is from payroll taxes that are supposed to go towards future Social Security ... Read More

The President's FY 2008 Budget Proposal asks for a total of $700 billion for the Department of Defense and the War on Terror for FY 2008. This is twice as ... Read More

The nonpartisan Employee Benefit Research Institute (EBRI) reported that the number of single-employer defined benefit pension plans declined 75% over the last 20 years. Single-employer plans traditionally cover non-union employees. ... Read More