48 Stories, most recent news story added Wed Nov 25, 8:54 am ET
Our view on jobs and the economy: Don’t turn bailout leftovers into an economic slush fund Apply unspent TARP funds toward deficit reduction, not new stimulus. Although economists say the Great Recession has ended, try telling that to millions of...
In the lead up to the financial crisis, Ben Bernanke was Sancho Panza to Greenspan's Quixote, gleefully touting banking deregulation while blind to the dangers of an $8 trillion housing bubble. He celebrated an economy where incomes of most Americans were declining, household debt was soaring, and inequality reached Gilded Age extremes. Once named Fed Chair, he chose not to exercise the ...
As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is helping the economy.
Corporate perspectives held sway in a discussion of health insurance reform and the automotive industry at Phi Chi Theta’s fifth annual economic symposium, “Our Economy Now,” last evening in the University of Michigan Museum of Art in front of nearly 225 people.
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
Treasury Secretary Timothy Geithner said the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the record deficit. He urged Congress to move quickly in overhauling the nation's financial rules, which he says is key to a healthy economy.
U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
Filed under: Careers , The Economy , Housing , Mortgage , Banking , Credit Card Activist Calls For Boycott Of Non-Black Owned Beauty Supply Stores Although he has less notoriety and less fame, professor and black activist Devin Robinson has started a national boycott of non-black owned beauty supply stores to send a message. The message he hopes to send is one of equal treatment, one of fair ...
Nov. 16 (Bloomberg) -- Hungary’s government said it expects the economy to shrink less next year than previously forecast and will refrain from drawing further funds from its bailout as the country’s key export markets emerge from recession.
Nov. 16 (Bloomberg) -- Ukraine’s economy contracted 15.9 percent last quarter, extending the former Soviet state’s decline, as political wrangling stalled the payment of bailout funds needed to keep the country afloat.
GMAC is expected to receive more bailout money from the government. The lending arm of GM is unable to raise the $11-billion regulators said it needs after undergoing stress tests. GMAC has already received $12-billion in aid. The Federal Reserve says that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand losses if the economy softens.