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Interest Rates- US: H15 -1.41 2013-03-21 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.16 2013-03-21 FRB Federal funds effective rate
- US: H15 0.09 2013-03-21 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 0.54 2013-03-21 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.11 2013-03-21 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- FTC Reopens Public Comment Period on Proposed Changes to Update EnergyGuide LabelsIn response to requests from stakeholders, the Federal Trade Commission has reopened the public comment period, until April 1, 2013, on a recent proposal to update EnergyGuide label information and issue special labels for refrigerators and clothes washers to help consumers compare products in the wake of new Department of Energy tests for measuring energy c […]
- FTC Reopens Public Comment Period on Proposed Changes to Update EnergyGuide Labels
- Commerce News
- Statement of Assistant Secretary Strickling on the Departure of FCC Chairman Julius GenachowskiTopics: NTIA FOR IMMEDIATE RELEASE: March 22, 2013 News Media Contact: Juliana Gruenwald, (202) 482-2145, jgruenwald@ntia.doc.gov “Julius Genachowski has built a substantial legacy of accomplishments during his four years as Federal Communications Commission Chair. He has provided intellectual leadership to the U.S. government’s efforts to advance the s […]
- Statement of Assistant Secretary Strickling on the Departure of FCC Chairman Julius Genachowski
- Small Business News
- FAA requests comment on Unmanned Aircraft System Test Site Program.Page summary: On February 22, 2013, the Federal Aviation Administration (FAA) published a notice of availability and request for comments on its Unmanned Aircraft System Test Site Program. On February 22, 2013, the Federal Aviation Administration (FAA) published a notice of availability and request for comments on its Unmanned Aircraft System Test Site Prog […]
- FAA requests comment on Unmanned Aircraft System Test Site Program.
- Monetary Policy
- Cost Estimates
- H.R. 1120, Preventing Greater Uncertainty in Labor-Management Relations ActShort Description: As ordered reported by the House Committee on Education and the Workforce on March 20, 2013 As ordered reported by the House Committee on Education and the Workforce on March 20, 2013 read more […]
- H.R. 933, the Consolidated and Continuing Appropriations Act, 2013Short Description: As Passed by the Senate on March 20, 2013 As Passed by the Senate on March 20, 2013 […]
- S. 622, the Animal Drug and Animal Generic Drug User Fee Reauthorization Act of 2013Short Description: As reported by the Senate Committee on Health, Education, Labor, and Pensions on March 20, 2013 As reported by the Senate Committee on Health, Education, Labor, and Pensions on March 20, 2013 read more […]
- H.R. 1120, Preventing Greater Uncertainty in Labor-Management Relations Act
- Banking
- Increase in Required Electronic Loan Data FieldsFederal and state bank supervisors today announced an increase in the number of required loan data fields in the Interagency Loan Data Request (ILDR). […]
- Increase in Required Electronic Loan Data Fields
Tax On Savings Accounts
Cyprus was trying to impose a levy on bank accounts as part of a 10 billion euro ($13 billion) bailout by the European Union. Even though the accounts are insured to certain levels, they would have been taxed as much as 10% of the balance. Banks have had to shut down because of a “run on the bank” as depositors try to get their money out.
“They are treating us like guinea pigs,” said a citizen. “The government has lost its credibility in the eyes of the people. We’d be better off leaving the euro and returning to the pound, we don’t want to end up like Greece.”
On March 19, 2013, in a unanimous decision the government of Cyprus voted against the tax on bank accounts. The banks still remain closed in fear of a run on the banks. The government is now trying to figure out how to get bailed out and is considering selling gas rights to Russia.