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News Source: International Business Times
| 5 months ago
At the same time, Treasury is mired in negotiations with the banks, who want to lower the warrants' multi-billion dollar price tag and avoid another big hit to their capital position. "The pricing of the warrants held by Treasury ... will be critical...
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News Source: Asian Wall Street Journal
| 5 months ago
Healthy U.S. banks were strong-armed into participating in a $700 billion federal bailout of ailing financial firms, BB&T Corp. Chairman John Allison said in a speech late Thursday to the Competitive Enterprise Institute. Allison from the libertarian...
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News Source: CNN
| 5 months ago
If you're worried about spending and you're worried about deficits, you need to be worried about the cost of health care," he said at a town hall meeting, later adding that doing nothing would cost far more in the coming years. He aimed his comments...
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News Source: Uinta County News
| 5 months ago
Most voters (53%) believe increases in government spending hurt the economy, according to a new Rasmussen Reports national telephone survey. While that result is unchanged from last month , it’s up five points from 48% in January .
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News Source: The Hill
| 5 months ago
In describing his "health insurance exchange," Obama told the audience that he supports the public option "because if the private insurance companies have to compete with a public option, it will keep them honest and help keep prices down." Obama...
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News Source: MarketWatch
| 5 months ago
The U.S. federal budget deficit widened to $189.7 billion in May as receipts dropped and outlays rose on further spending for bailouts and stimulus programs, bringing the cumulative defict so far this year to nearly $1 trillion, the Treasury...
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News Source: The Washington Times
| 5 months ago
Nearly half of Americans say the government should stop spending the remainder of the Obama administration's $787 billion economic stimulus program and doubt that the spending will create new jobs, according to a new poll. The Rasmussen Reports...
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News Source: Money Morning
| 5 months ago
As reported previously in Money Morning , the “official” employment rate doesn’t account for workers that have been switched from full-time to part-time jobs...That’s the worst showing since the 1981-1982 recession when the official jobless...
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News Source: Uinta County News
| 5 months ago
President Obama's announcement Monday that stimulus spending will be accelerated to create or save 600,000 jobs should be met with skepticism. Not only has unemployment continued to rise since the stimulus was passed in March, but there is no...
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News Source: Kansas City Star
| 5 months ago
Senate candidate Todd Tiahrt today offered an amendment to rescind unobligated money in the stimulus bill. The move, during a House Appropriations Committee hearing, was defeated on a party-line vote. Tiahrt, a Republican from Wichita, called the...