The corporate-bond market has become less active partly because of the government's massive extension of credit to troubled borrowers.
The extension of credit to a small business is one of the riskiest things a bank can do, but it wins taxpayers' unequivocal support.
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Among those measures, it said it would purchase agency debt and mortgage-backed securities to provide support to the mortgage and housing markets, and that early next year it would take measures to facilitate the extension of credit to households and small businesses.
Moreover, providing liquidity to financial institutions does not address directly instability or declining credit availability in critical nonbank markets, such as the commercial paper market or the market for asset-backed securities, both of which normally play major roles in the extension of credit in the United States.
We know that a major cause was the bursting of a housing bubble that had been driven by the extension of easy credit.
It even looks like you can see some confusion in the inventory data from April-10 to Sep-10, presumably related to the extension of the credit.
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The only problem is that current law precludes the extension of Commodity Credit Corporation agricultural export credits unless there is a reasonable prospect of repayment.
Rather than fight for continued extensions, SEIA President Rhone Resch has pursued a different approach, asking for a one-time extension of the credit, but for eight years.
He told BBC News the extension of the tax credit was expensive, unnecessary and destabilising to the electricity grid.
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An extension of the tax credit will not stave off a double dip, if that is even in the cards.
These proposals include a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation that they do here in America.
Among them was a one-year extension of the tax credit, with slight modifications that would allow wind-farm developers to claim the credit for projects that begin construction by Jan. 1, 2014.
As Congressional leaders struggle to fashion an energy bill that can become law this year, one provision that's likely to be sacrificed is the extension of the tax credit for energy-saving home improvements.
The Solar Energy Industries Association is seeking an eight year extension of the tax credit--their top legislative priority--and they say that the majority of lawmakers in both the House and Senate support the extension.
They include a battle over a proposed Senate extension of the tax credit for gasoline mixed with ethanol and pilot projects in the House bill that would allow states to be certified to conduct environmental reviews of road projects.
As of Thursday afternoon, The Washington Post reports, the administration is now considering a temporary payroll tax holiday and a permanent extension of the research and development tax credit, both of which would make businesses very happy.
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That's why he fought for the extension of the Child Tax Credit.
Remember, the proposals that are on the table that the Republicans have yet to pass include extension of the production tax credit for businesses to help them grow and hire.
And there are other measures that he has identified that he feels strongly about that we should support, like extension of the payroll tax credit -- essentially, a tax cut, rather -- a tax cut for working Americans.
However, as we consider ways to strengthen the system for the future in light of what we have learned over the past year, we should critically examine capital regulations, provisioning policies, and other rules applied to financial institutions to determine whether, collectively, they increase the procyclicality of credit extension beyond the point that is best for the system as a whole.
And then, of course, there are the tax provisions -- the extension and expansion of the payroll tax credit for individuals, which would go to 160 million Americans.
And that's why he fought for the extension of the Earned Income Tax Credit.
The one-year payroll tax reduction would take the place of a two-year extension of the Making Work Pay credit.
The pace of actual credit extension, however, has been running above target.
PayTag is an extension of a customer's credit card account.
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In fact, it left out the extension of the American Opportunity Tax Credit and other tax provisions that would have resulted, if that were passed, in a tax hike for 18 or 25 million American families.
Millions of Americans -- including more than 2 million African American families -- are better off thanks to our extension of the child care tax credit and the earned income tax credit -- (applause) -- because nobody who works hard in America should be poor in America.
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Now they want an extension of the first-time homebuyer credit, and more federal spending on infrastructure such as air-traffic control.
Next week, Wetstone expects a vote in the U.S. House of Representatives on his group's most important legislative priority, a long-term extension of the wind energy production tax credit (PTC).
Many of the firms in attendance Tuesday favor some of the ideas he espouses, like a permanent extension of the federal research and development credit, which Congress allowed to lapse in December.
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