117 Stories, most recent news story added Fri Dec 4, 5:05 pm ET
President Obama is likely to endorse using a portion of the government's $700 billion financial bailout for a new jobs creation program during a speech about the economy next week, Press Secretary Robert Gibbs told reporters Friday morning.
President Barack Obama will extend his push to revive the U.S. economy next week with a speech outlining job creation ideas, from encouraging home insulation programs to diverting funds meant to rescue failing banks, officials said on Friday.
President Obama is likely to endorse using a portion of the government's $700 billion financial bailout for a new jobs creation program during a speech about the economy next week, Press Secretary Robert Gibbs told reporters Friday morning.
President Obama is in Pennsylvania, talking about jobs and the economy.
After taking billions in federal bailout dollars this time last year, New York City's Independent Budget Office said Wall Street was not only in the midst of a recovery, but will post an estimated $59 billion in profits this year. The same, however, cannot be said for just about every other sector of the local and national economy, as the middle and lower classes continue to struggle under a ...
President Barack Obama takes his defense of the economy on the road Friday and despite limited options due to big budget deficits, he's warming to the possibility of a job-boosting bill.
Rep. Ken Calvert , R-Storage Units, minces no pie in his disdain for Democratic spendiness. From his Web site:"The Pelosi-controlled Congress is outspending the previous Administration four to one... Most of this spending -- the stimulus, the auto bailout, the mortgage cramdown - have been in an effort to help our ailing economy. Unfortunately, none (of) it has worked."
Dec. 3 (Bloomberg) -- U.S. stocks fluctuated after service industries unexpectedly shrank, offsetting a rally in Bank of America Corp. on its plan to pay back government bailout funds.
Dec. 3 (Bloomberg) -- Stocks rose around the world and high-yielding currencies strengthened after the Federal Reserve said the U.S. economy is improving and Bank of America Corp. agreed to repay bailout funds. The yen and government bonds fell.
Lawmakers are likely to vent frustration over the economy and bailout of the financial system Thursday at a Senate confirmation hearing for Federal Reserve chairman Ben Bernanke.
Dec. 3 (Bloomberg) -- European and Asian stocks rose as Bank of America Corp. said it will repay $45 billion of government bailout funds and the Federal Reserve said the U.S. economy improved. U.S. index futures gained.
