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United States gubernatorial elections were held on November 4, 2008, in 11 states and two territories. Prior to the election, eight of the total seats were held by Democrats and five by Republicans. Two governors were prohibited by term limits from seeking re-election in 2008.
November 4 – 2008 United States presidential election: Democratic U.S. Senator Barack Obama is elected as the 44th president of the United States and U.S. Senator Joe Biden is elected the 47th vice president. Barack Obama becomes the first African-American president-elect. [53] [54] [55] November 11 – Taylor Swift releases her second studio ...
The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008. The requested budget was submitted to the 110th Congress on February 5, 2007. [1] The government was initially funded through a series of four temporary continuing resolutions.
United States Department of the Treasury. After the freeing up of world capital markets in the 1970s and the repeal of the Glass–Steagall Act in 1999, banking practices (mostly Greenspan-inspired "self-regulation") and monetized subprime mortgages sold as low risk investments reached a critical stage during September 2008, characterized by severely contracted liquidity in the global credit ...
Senator Barack Obama of Illinois was the Democratic nominee, and Senator John McCain of Arizona was the Republican nominee. Incumbent President George W. Bush was ineligible for re-election per the Twenty-second Amendment to the United States Constitution, which limits a president to two terms, and incumbent Vice President Dick Cheney declined to run for the office.
CAMELS ratings (US supervisory ratings used to classify the nation's 8,500 banks) were being used by the United States government in response to the 2007–2008 financial crisis to help it decide which banks to provide special help for and which to not as part of its capitalization program authorized by the Emergency Economic Stabilization Act ...
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush on 3 October 2008. It was a component of the government's measures in 2008 to address ...
The Economic Stimulus Act of 2008 (Pub. L. 110–185 (text), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.