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News Source: Herald Tribune
| about 1 year ago
The president can ask for $350 billion more, but Congress could vote to stop it. The secretary of the Treasury, with wide discretion but in consultation with the Federal Reserve, the Securities and Exchange Commission, the Department of Housing and...
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News Source: NewKerala
| about 1 year ago
They intended to announce a firm agreement by the time Japanese stock markets open Monday morning in Tokyo, after copies of the written draft started circulating in the US capital several hours earlier. The measure, which is intended to thaw out...
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News Source: Australian Broadcasting Corporation
| about 1 year ago
The biggest financial bailout in US history will soon be put to the test when the Congress starts voting on the package tomorrow. The proposed bailout deal has been struck by political leaders on Capitol Hill. It is designed to buy up tainted...
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News Source: Inquirer.net
| about 1 year ago
US lawmakers Sunday struck a deal on an unprecedented $700-billion bailout for struggling Wall Street banks to avert the worst financial crisis since the Great Depression of the 1930s. But in announcing the deal after nine days of tense negotiations,...
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News Source: United Press International
| about 1 year ago
Bush said Sunday he appreciates the bipartisan effort on a deal to straighten out the financial mess that threatens the U.S. economy. Congressional leaders worked into the early-morning hours to craft a tentative agreement aimed at bailing out the...
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News Source: The Australian
| about 1 year ago
US politicians have struck a deal on an unprecedented $US700 billion ($840 billion) bailout for struggling Wall Street banks to avert the worst financial crisis since the Great Depression. “We have given the (Treasury) secretary the authority and...
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News Source: International Business Times
| about 1 year ago
What started as a fairly simple three-page proposal giving the Treasury Secretary unchecked power to orchestrate a bailout of the country's financial system ended up as a complex rescue package, with enhanced congressional oversight, some added...
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News Source: Androscoggin News
| about 1 year ago
September 28, 2008)—The White House and congressional leaders reached agreement early Sunday morning on a $700 billion Wall Street bailout, the details of which could be released later in the day. After days of negotiations, Treasury Secretary...
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News Source: The Plain Dealer
| about 1 year ago
Lawmakers had reached consensus on a bailout bill for the financial industry early Sunday, though the legislation could still change. Here's what we know. • The legislation would cut the initial bailout to a maximum of $350, with future payments...
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News Source: The Sunshine Coast Daily
| about 1 year ago
Senate Democratic Majority Leader Harry Reid attributed the fresh progress to a last-minute intervention by House Speaker Nancy Pelosi. "It's been a very long day...This evening has been extremely difficult," Reid said after US lawmakers worked...