Iscal Policy: what it is & current and/or recent policy actions taken by either the Fed or the President and Congress

Here is the assignment as it was given to me in hopes to eliminate any confusion. Please note that footnoting your sources AS WELL AS providing a bibliography is required.

*If you are interested in earning extra credit, you can do a paper over either fiscal or monetary policy. We are covering these two topics in chapters 10 and 14. I would like for you to look up one of these two topics on the internet and write some current and/or recent policy actions taken by either the Fed or the President and Congress involving such topics. The paper should be between 7 to 10 pages in length. You can e-mail your paper, as an attachment, by November 30, 2007. The paper is worth up to 30 points. Please do not forget to footnote your sources of information and provide a bibliography.*

Please write the paper over Fiscal Policy and complete the full ten pages. Thank you.