Inflation: Pro-Growth Policies Will
Core inflation remains contained. Enhance Long-Term U.S.
The consumer price index excluding Economic Strength:
food and energy rose 2.2 percent over The Federal budget deficit widened
the 12 months ending in October. by $292 billion to $455 billion (3.2
(Last updated: November 19, 2008)
percent of GDP) in FY2008, following
3 years of improvement that trimmed
The Emergency Economic the deficit to $162 billion (1.2 percent
Stabilization Act Will Provide of GDP) in FY2007. The increase was
Needed Stability for our due in part to the slowing economy and
Financial Markets: the economic stimulus package enact-
The Administration and the ed early in 2008. The FY2008 budget
Congress together have taken strong results reinforce the need to not only
action to support the economy through address short-term challenges, but to
the Emergency Economic Stabilization pursue policies that promote economic
Act of 2008. Treasury is working to growth and fiscal responsibility, and
implement the Act to stabilize markets, address entitlement reform. HNM
promote increased lending, and foster
www.treas.gov/economic-plan
improved growth and job creation.
(Last updated: December 5, 2008)
WWW.HNMAGAZINE.COM Celebrating over 15 Years of Embracing Diversity 31
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