| House, Senate negotiators delay meeting on stimulus Inouye, chairman of the Senate Appropriations Committee and one of the negotiators, did not say when the meeting would be rescheduled. But a senior Senate Democratic aide said that it would o ...[more] |
| Biden: More Republicans will back final stimulus bill Congress and the Obama administration reached a deal on Wednesday on a $789 billion economic stimulus package that mixes tax cuts and new government spending to boost the faltering economy. S ...[more] |
| Geithner testimony on financial rescue plan SENATE BUDGET CHAIR CONRAD ON ADDITIONAL FUNDS "It is incumbent that you very soon help us understand if additional funds are going to be needed, and in what amount. Can you give us a ...[more] |
| Geithner snub shows banks the key for markets Equity markets fell, credit spreads widened and bond yields dropped globally after the U.S. Treasury Secretary disappointed markets by failing to give enough details about how the plan he unv ...[more] |
| Lawmakers have votes for $789 billion stimulus: Baucus "The votes are there for passage," he told reporters during a lunch break. He said that the negotiators were "very close" to wrapping up and were doing some minor tinkering. He said i ...[more] |
| Investor says Geithner bank plan a good start Yet ICP Capital Chief Executive Thomas Priore, whose asset management firm has generated gains despite the worst credit markets in decades, contends that Geithner had already made important p ...[more] |
| FACTBOX: Geithner's plan for U.S. financial stability Following is a look at the plan, the Obama administration's approach to tapping the second half of the government's $700 billion financial bailout fund: FUNDING FED PROGRAM: T ...[more] |
| U.S. mortgage applications tumble, trade gap shrinks The $39.9 billion trade gap was the smallest since February 2003 as both imports and exports fell for a fifth straight month, the U.S. Commerce Department said. "The clear message is ...[more] |
| Wall St. CEOs scolded by lawmakers "America doesn't trust you anymore," Massachusetts Democratic Rep. Michael Capuano told eight bank CEOs during a congressional hearing on the troubled bank bailout plan. Lawmakers' re ...[more] |
| U.S. to weigh if more needed for bank bailout-Geithner Testifying for a second day on a financial stability plan he sketched out on Tuesday, Geithner said bold action now to halt the deep financial crisis would prove less costly to taxpayers over ...[more] |
| Wall St CEOs humble before U.S. lawmakers But there were only flashes of anger in the first hours of a congressional hearing on the troubled bailout plan as the CEO's struck a contrite tone. "I feel more like corporal of the ...[more] |
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