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On July 1, 2009, Schwarzenegger ordered state workers to take a third furlough day each month. [13] On July 2, 2009, the state government began issuing IOUs to meet its short term financial obligations. [14] Five days later, Bank of America, Citigroup, Wells Fargo, and JP Morgan Chase announced that they would stop accepting IOUs by July 10.
The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.
The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2] Since 2010 Congress has annually voted not to accept the increase, keeping it at the same nominal amount since 2009.
Most people don't earn six figures every year, but they sure would like to. By comparison, members of Congress, in both the U.S. Senate and U.S. House of Representatives, make at least $174,000 a ...
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
March 13 – A report by the Federal Reserve says that U.S. families lost a record 18% of their wealth in 2008. [30] March 15 – AIG announces it will pay $450 million in bonuses to top executives despite its central role in the global financial meltdown and despite receiving a $173 billion government bailout. A massive public outcry follows ...
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This is a table of the total federal tax revenue by state, ... even though they may be required to pay federal taxes. ... California: 472,027,235 Colorado: 59,961,429