Fair-Value Accounting for Federal Credit Programs

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Should Fair-Value Accounting Be Used to Measure the Cost of Federal Credit Programs?

The federal government supports some private activities—such as home ownership, postsecondary education, and certain commercial ventures—by making or guaranteeing loans. At the end of fiscal year 2011, about $2.7 trillion was outstanding in federal direct loans and loan guarantees.

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The Earned Income Tax Credit and Expected Social Security Retirement Benefits Among Low-Income Women: Working Paper 2012-6

Molly Dahl, Jonathan Schwabish, Thomas DeLeire, and Timothy Smeeding

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