17
votes
submitted by trippie48 28 days ago, from google.com
Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit. The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke onstage Tuesday... More
14
votes
submitted by grandie4 8 months ago, from nytimes.com
Signaling that California is slipping deeper into financial crisis, the state’s controller said Wednesday that his office would soon be forced to issue i.o.u.’s to scores of the state’s creditors, as lawmakers failed at their first attempt as a body to close the state’s multibillion-dollar shortfall More
18
votes
submitted by riverdrops 9 months ago, from bloomberg.com
The Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confidence some of the largest U.S. lenders won’t again need a taxpayer rescue. More
17
votes
submitted by grandie4 9 months ago, from telegraph.co.uk
The President will use a meeting with Mr Netanyahu in Washington on Monday to tell him that from now on Israel must earn its privileged relationship with America. Mr Obama will make clear that he will not allow his foreign policy objectives to be dictated by the Jewish state's interests, and that... More
16
votes
submitted by bafficio 10 months ago, from nytimes.com
President Obama has lately begun pointing to optimistic signs for the economy, but the continuing crisis still bedevils his budget projections and his domestic agenda. The administration, in final budget and tax details released Monday, disclosed a double wallop of bad news from government... More
15
votes
submitted by eooties 10 months ago, from nytimes.com
President Obama on Thursday will unveil nearly $17 billion in additional budget cuts for the coming fiscal year to showcase what a top adviser called a “constant” effort to find savings at a time when the government’s costs for bailouts, health care and wars are mounting far faster. More
18
votes
submitted by agabriel 10 months ago, from baltimoresun.com
In the first major disclosure of corruption and fraud in the $750 billion federal bailout program, investigators said Monday that they have opened 20 criminal probes into possible securities fraud, tax law violations, insider trading and mortgage modification fraud. More
19
votes
submitted by rodeox 10 months ago, from reuters.com
A review of defense programs produced every four years could bring big changes in the Pentagon's fiscal 2011 budget, beyond the sweeping overhaul already unveiled for 2010, U.S. Defense Secretary Robert Gates said on Wednesday. More
17
votes
submitted by bafficio 11 months ago, from news.yahoo.com
The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount. More
17
votes
submitted by rodeox 11 months ago, from cnn.com
The Senate passed a $3.53 trillion version of the federal budget for fiscal year 2010 late Thursday night in a party-line vote, ending several weeks of acrimonious partisan debate. The package was approved on a 55-43 vote. GOP Sens. Arlen Specter of Pennsylvania, and Olympia Snowe and Susan... More
21
votes
submitted by riverdrops 11 months ago, from news.yahoo.com
The Obama administration was finishing work on a plan to give more financial aid to two Detroit automakers in return for tough cost-cutting measures that will ensure the companies' survival. President Barack Obama's auto industry task force was expected to offer additional aid to General Motors... More
18
votes
submitted by bafficio 11 months ago, from washingtonpost.com
The Treasury Department will unveil the next step in its financial rescue efforts tomorrow, announcing that it intends to create a government body, called the Public Investment Corp., to finance the purchase of as much as $1 trillion in soured loans and toxic assets from ailing banks, according to.. More
16
votes
submitted by grandie4 11 months ago, from miamiherald.com
The national debt held by the public would double over the next decade if President Barack Obama's budget is enacted into law, the nonpartisan Congressional Budget Office projected Friday. The U.S. government would run budget deficits approaching $1 trillion every year for a decade under Obama's... More
21
votes
submitted by rodeox 11 months ago, from reuters.com
Some top employees of American International Group Inc's Financial Products group have agreed to return retention bonuses after mounting public outrage over the $165 million payout, the Wall Street Journal said. Among them was Douglas Poling, who received the richest payment of more than $6.4 mil.. More
13
votes
submitted by eooties 11 months ago, from chicagotribune.com
President Barack Obama, responding to growing taxpayer and political outrage, reversed course Monday and ordered his administration to "pursue every legal avenue" to challenge $165 million in bonuses recently paid to employees of bailed-out insurance giant American International Group Inc. More
