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U.S. Treasury Secretary Timothy Geithner on Wednesday extended the government's $700 billion financial bailout fund to October 2010, saying it was still needed for "significant challenges" in the economy.
US President Barack Obama on Monday raised the prospect of selective use of leftover funds from a financial industry bailout to support accelerated job growth in the slowly mending economy.
Trapped between a bad economy and high budget deficits, President Obama on Tuesday called for a series of small fixes from a one-year capital-gains tax break for small businesses to incentives for consumers to make their homes more energy-efficient -- but he said Congress will have to work out the details. Seizing on a recent report that last year's Wall Street bailout will cost at least $200 ...
Bank bailout funds would be used to turn around unemployment
WASHINGTON - President Barack Obama will set out fresh plans Tuesday to reinvigorate the U.S. economy, focusing on incentives to small businesses and hiring to bring down the country's 10 percent unemployment rate.
While experts have been saying that the economy has turned the corner towards a recovery, many homeowners continue to face the growing threat of foreclosures. And while the federal government is extending their massive financial bailout program until next fall, a Congressional watchdog has declared the government's foreclosure prevention plan a failure.
Federal Reserve chairman Ben Bernanke said Monday he's confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.
WASHINGTON (AP) — President Barack Obama says he is still hoping for bipartisan support in using financial bailout money to help small businesses and bring down double-digit unemployment.
Trapped between a bad economy and high deficits, President Obama on Tuesday promised more job relief and called for another round of stimulus-type funding - but teed up a political fight by calling for at least part of it to be funded with Wall Street bailout money. Mr. Obama said that the Troubled Asset Relief Program will cost $200 billion less than planned and that some of the money could go ...
President Barack Obama focuses Tuesday on getting Americans back to work and the possibility of using leftover bank bailout money to help do it. Obama was expected to address the subject in a speech on the economy at the Brookings Institution. He's expected... Barack Obama - United States - President of the United States - Brookings Institution - Politics
The move could help the Newport Beach bond fund giant compete if the economy continues to recover. The firm also has hired former bank bailout chief Neel Kashkari to head 'new investment initiatives.' Bond mutual fund titan Pimco is jumping the fence -- into stock picking.
Open slideshowAFP/File
Open slideshowAFP/File
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