Democrats, Obama Prepare Economic Stimulus Package for January

The passage of an unemployment insurance extension, which occurred at the end of November, is likely the last effort by the 110th Congress to enact legislation to stimulate the economy. With Republicans continuing to block immediate passage of a large economic stimulus package, Democrats are preparing to move legislation as soon as President-elect Barack Obama takes office in January 2009.

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TARP Oversight Helped, Hindered by Senate

A pair of bills designed to improve oversight of the Troubled Asset Relief Program (TARP) has been introduced in the Senate. The first would place restrictions on the use of federal funds and provide greater transparency, and the second would strengthen the role of the Special Inspector General for TARP (SIGTARP). TARP was created by the $700 billion financial bailout bill that Congress passed before the election.

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Plastics Chemical Could Remain on Market Despite Ban

Despite a clear directive from Congress, the Consumer Product Safety Commission (CPSC) says it may continue to allow the sale of children's products containing a controversial plastics chemical.

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Coalition Makes Right-to-Know Recommendations to President-elect

On Nov. 12, the right-to-know community published a set of transparency recommendations for President-elect Barack Obama and the 111th Congress. These recommendations are supported by a group of over 280 individuals and organizations and published in a report, titled Moving Toward a 21st Century Right-to-Know Agenda: Recommendations to President-elect Obama and Congress.

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Public Wants More Info on Food Labels

A national poll shows strong consumer support for improved food labeling and more frequent inspections of food-processing facilities. According to food safety advocates, Americans want labels that identify use of genetically engineered or cloned ingredients, as well as expanded country-of-origin labeling. Labels are one of the most effective means to inform the public about the health, safety, origins, and environmental impact of a product.

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Groups Seek More Congressional Transparency

The Sunlight Foundation recently launched the Open Senate Project as part of its ongoing attempt to improve congressional transparency. The project is a bipartisan initiative to study the Senate's current information sharing practices and subsequently develop recommendations for improvement, particularly through the use of technology.

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TARP Purchases Increasing as Oversight Languishes

As Treasury Secretary Henry Paulson continues to purchase hundreds of billions of dollars in bank equities under the Troubled Asset Relief Program (TARP), oversight of the program remains meager. TARP, as created through the Emergency Economic Stabilization Act (EESA), gives Paulson wide latitude in selecting firms and individuals to implement the program and equally wide latitude in disbursing the $700 billion in authorized funds. However, with $290 billion already committed, two of three oversight institutions created by EESA have yet to be implemented, signaling that oversight and transparency in TARP are second-tier objectives for Congress and the Treasury Department.

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Unemployment Insurance in Need of Overhaul

As the anticipated severity of the recession increases and unemployment estimates for 2009 reach as high as eight percent, Congress is under increased pressure to enact an extension of unemployment insurance (UI) benefits, perhaps as early as the current lame-duck session. Yet a broader overhaul of the UI program is needed to improve this important safety-net program for American workers.

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Nonprofits to President-elect Obama: Strengthen the Sector

Now that the election is over, nonprofits are encouraging the incoming administration to take action that will strengthen the sector with capacity building, incentives for giving, and policies that encourage service and protect the integrity of the sector. Many organizations, including OMB Watch, are also making policy recommendations in their areas of expertise, ranging from education to transparency to health and safety protections.

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Bush Changes to Employee Leave among First Midnight Rules

The Department of Labor has finalized a new rule that will affect the way workers take medical and family leave. It is among the first of many rules the Bush administration is expected to cement in the coming weeks.

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