Automakers Must Do More for Extra Government Funding, Obama Says
Speaking on CBS’s “Face the Nation” Sunday, President Obama said he is prepared to give struggling U.S. automakers, General Motors Corp. (GM)... Read »
Geithner Says Market Won’t Solve Problem, Must Do More
Using his first Sunday talk show appearances to promote President Obama’s massive government spending plan to ease credit, help borrowers and inject billions... Read »
U.S. Treasury: 81% of TARP Funds Already Committed
The U.S. Treasury Department estimates that it has about $134.5 billion left in its financial-rescue fund, which would mean that about 81% of the $700 billion program... Read »
Obama Shows Flexibility Ahead of G-20 Summit
In an effort to quell a public war of words with European leaders ahead of next week’s G-20 London Summit, the Obama administration on Saturday appeared to... Read »
SBA to Roll Out New Stability Loan Program
The U.S. Small Business Administration is getting ready to roll out a new loan program to help firms pay off existing debt. Although the details still are being... Read »
California Regulators Preparing for Major Wave of Bank Failures
The Federal Deposit Insurance Corp. [FDIC] disclosed Friday that six more California banks have received “cease and desist” orders that spell out publicly... Read »
Major Industrialised Economies are Pulling Each Other Into the Abyss
This column introduces an index identifying how much shocks to industrial production in one country spill over to other countries. Since September 2008, the index... Read »
Norway Backs IMF by Offering $4.56 Billion
Oil-rich Norway said on Saturday it was ready to contribute up to 30 billion crowns ($4.56 billion) to support the International Monetary Fund (IMF) and called for... Read »
The Nature of the Beast
Jeffrey Lacker, president of the Richmond Fed, is a voting member of the FOMC and a card-carrying hawk on matters of inflation. So when he warns that monetary policy... Read »
Madoff’s Trading Firm Sold to Castor Pollux
Unless a better bid emerges, the stock trading business that was the pride of Bernard L. Madoff’s business will be sold for just $15 million. The trustee, Irving... Read »






