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  • -4

    Geithner's NY Fed told AIG to keep quiet on deals

    Geithner's NY Fed told AIG to keep quiet on deals
    WASHINGTON — Controversial deals that sent billions of bailout dollars to Goldman Sachs and other banks were kept quiet under pressure from the Federal Reserve Bank of New York, then led by Treasury Secretary Timothy Geithner. E-mails between lawyers for the New York Fed and bailed-out insurance conglomerate American International Group show AIG wanted to disclose some details about payments it ...
    Rated: -4
  • -1

    Senate Republican Holds up Jobless Benefits

    Senate Republican Holds up Jobless Benefits
    WASHINGTON – As Congress raced to leave Washington for its Easter recess, a Republican senator blocked a stopgap bill to extend jobless benefits, saying its $9 billion cost should not be added to the national debt. As a result, some people who have been out of work for more than six months will at least temporarily lose benefits. Newly jobless people ...
    Rated: -1
  • +1

    How Does a Falling Dollar Impact You?

    How Does a Falling Dollar Impact You?
    Massive spending, large fiscal deficits, and huge debt accumulation (currently $12 trillion, having doubled in past 8 years)…this is the story of our Government. Throw in a loose monetary policy and it is no wonder other countries continue to talk of moving off the dollar as the world’s chief currency reserve. This past week President Obama was in Asia and they ...
    Rated: +1
  • -4

    Federal Deficit Projected at $1.35T

    Federal Deficit Projected at $1.35T
    Jan. 27--The economic stimulus bill's price tag has risen to $862 billion, the Congressional Budget Office said Tuesday -- a $75 billion jump that's a result in part to the fact that, despite the spending, joblessness has risen and the government is paying out more than expected on unemployment benefits. The CBO, in a new report, also said spending in fiscal ...
    Rated: -4
  • -2

    Calif. Stimulus Czar Falling Short of Expectations

    Calif. Stimulus Czar Falling Short of Expectations
    SACRAMENTO, Calif. - As federal stimulus money began to pour in earlier this year, Gov. Arnold Schwarzenegger created the nation's first state-level inspector general to serve as a watchdog over California's windfall. He had high expectations, saying the stimulus czar would root out waste, fraud and abuse as an estimated $50 billion was being spent throughout the state. But eight months ...
    Rated: -2