Automakers Must Do More for Extra Government Funding, Obama Says

Mar 29, 2009, 2:44 PM

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

Mar 29, 2009, 2:23 PM

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

Mar 29, 2009, 5:39 AM

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

Mar 28, 2009, 6:33 PM

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

Mar 28, 2009, 6:03 PM

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

Mar 28, 2009, 3:30 PM

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

Mar 28, 2009, 3:11 PM

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

Mar 28, 2009, 2:47 PM

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

Mar 28, 2009, 2:17 PM

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

Mar 28, 2009, 3:53 AM

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 »

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