Tag Archives: economic recovery

The Legacy of the Recovery Act

Ten years ago this month, Congress responded to the most serious economic crisis since the Great Depression by passing the American Recovery and Reinvestment Act of 2009 (Recovery Act). This economic stimulus package, estimated to cost more than $800 billion, … Continue reading

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Ending “Too Big to Fail”

8 years ago this month, the Federal Reserve bailed out Bear Stearns, preventing it from collapsing. This triggered an unprecedented amount of federal assistance to help stabilize markets—more than $1 trillion in loans and hundreds of billions of dollars of … Continue reading

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