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News Source: Democracy Now
| about 1 year ago
The federal government has agreed to a massive bailout of the banking giant Citigroup that could cost taxpayers almost $300 billion. The bailout is seen as the most sweeping rescue ever of a U.S. bank. As part of the plan, the government will inject...
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News Source: CNN
| about 1 year ago
President-elect Barack Obama will hold a press conference Monday to announce key members of his administration's economic team...Estimates for how much might be spent on a multi-year stimulus package range as high as $500 billion to $700 billion. At...
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News Source: Asian Wall Street Journal
| about 1 year ago
President-elect Barack Obama, in choosing Timothy Geithner and Lawrence Summers to lead his economic team, is betting on a student-and-mentor pair who forged a partnership while battling the world's last serious financial crisis. The two were part of...
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News Source: Daily News & Analysis
| about 1 year ago
New York Federal Reserve President Timothy Geithner is tipped to take over the Treasury Secretary post as former treasury secretary Lawrence Summers is in line to become the chief economic advisor in the incoming administration of President-elect...
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News Source: The News Tribune
| about 1 year ago
President-elect Barack Obama signaled Saturday that he would pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail, setting the tone for a recovery effort that could absorb and define much of his...
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News Source: Voice of America
| about 1 year ago
President-elect Barack Obama says the next administration is committed to getting an economic recovery package implemented as soon as possible. Appearing on Sunday morning U.S. talk shows, David Axelrod said Mr. Obama wants to work with lawmakers on...
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News Source: Dubuque Telgraph Herald
| about 1 year ago
President-elect Barack Obama promoted an economic plan Saturday he said would provide 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars. "These aren't just...
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News Source: The Guardian
| about 1 year ago
Obama's senior adviser, David Axelrod, told Fox News that the president-elect would name Geithner, 47, as his treasury secretary tomorrow. If confirmed by the Senate, Geithner would take over the cabinet job of tackling the next administration's...
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News Source: United Press International
| about 1 year ago
President-elect Barack Obama 's pick for White House economic adviser, sources say. Summers will be introduced along with Treasury Secretary-designate Timothy Geithner Monday, CNN reported, citing sources close to Obama's transition team. The...
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News Source: Kiev Post
| about 1 year ago
With the economy in free fall, President-elect Barack Obama is stepping up efforts to let Americans know what he has planned to stabilize the nation's financial system and calm the markets. He announced a plan this weekend to save or create 2.5...