News tagged with “rescue program”. Found:
13 tagged news reports.
Your Search Returned 13 tagged news reports
Fed says economy is leveling out
Washington :: DC :: USA | 3 months ago
Credibility
The U.S. central bank also kept its benchmark short-term interest rate steady near zero and said it would likely stay there for an extended period to guide the way to recovery. The Fed made its clearest statement to date that it sees the recession nearing...
Tags: US Federal Reserve, Federal Open Market Committee, central banking, economic activity, rescue program
West Virginia bank drops out of bailout
Washington :: DC :: USA | 7 months ago
Credibility A West Virginia bank has become the first to completely cut its ties to the federal government's $US700 billion ($972.02 billion) financial rescue program. The Treasury Department said on Friday that Centra Financial Holdings Inc of Morgantown, West Virginia,...
Tags: Centra Financial Holdings Inc., Treasury Department, West Virginia, virginia bank, federal government, W.Va, Morgantown, financial rescue, warrants treasury, rescue program
U.S. financial system 'more stable, Kashkari says
Washington :: DC :: USA | 10 months ago
Credibility The head of the government's $700 billion financial rescue program says the effort has made the nation's financial system more stable. Neel Kashkari, the assistant treasury secretary in charge of the bailout program, says the effort had made remarkable...
Tags: Neel Kashkari, rescue program, bailout program, remarkable progress, treasury secretary, assistant treasury, billion financial, Congress, financial rescue
35 banks share $3.84B from the bailout pot
Washington :: DC :: USA | 11 months ago
Credibility The government has supplied $3.84 billion to 35 banks in a third round of payments from the $700 billion financial system rescue program. The Treasury Department said Tuesday that it authorized the payments on Friday, bringing the total supplied to banks...
Tags: Treasury Department, billion financial, total supplied, rescue program, bailout pot
Peter Crabb: Borrow-to-spend program will only succeed as long as investors continue to put faith in U.S.
Washington :: DC :: USA | about 1 year ago
Credibility Treasury and Federal Reserve on Tuesday announced new efforts to jump start the credit markets. They will do it by creating an even larger, more levered financial institution. The Fed and Treasury will take approximately $20 billion from the $700 billion...
Tags: rescue program, 700 billion, government, market, Federal Reserve
Oversight on rescue package sorely lacking
Washington :: DC :: USA | about 1 year ago
Credibility As members of Congress should recall, Americans were not too excited about the $700 billion financial rescue package signed into law last month. "It had to be done," politicians on both sides of the aisle explained. Complete financial chaos loomed, Americans...
Tags: billion, democrats, 700 billion, president, obama, auto, rescue program, administration, barack, government
NBC 11 Minneapolis (KARE): Tough times ahead for holiday job seekers
Washington :: DC :: USA | about 1 year ago
Credibility You could call a walk into Manpower's Plymouth location a sort of economic indicator; a reflection of the good with the bad. "We are pretty good indicator, we're the first one's to see it come in and we're the first ones to see it pull out," said Michelle...
Tags: rescue program, 700 billion
New regulator says Fannie, Freddie, home loan banks hold or guarantee $6.8 trillion in debt
Washington :: DC :: USA | about 1 year ago
Credibility Federal housing finance agencies hold or guarantee $6.8 trillion in debt — the equivalent to more than half of the government's total debt. Fannie Mae, Freddie Mac and the 12-member Federal Home Loan Bank system control $6.8 trillion in debt, the Federal...
Tags: rescue program, 700 billion, Barack Obama, obama, Treasury Department
Bloomberg: Pimco's Gross Says Debt of Consumer Banks Is Attractive After TARP Shift
Tarp :: Germany | about 1 year ago
Credibility I think an investor wants to go.'' Paulson, who shifted his focus on Nov. 12, initially sold the Troubled Asset Relief Program as a way to rid bank balance sheets of illiquid mortgage assets. American Express won Federal Reserve approval on Nov. 10 to...
Tags: paulson, rescue program, us government
Government to borrow a record $550 billion
Washington :: DC :: USA | about 1 year ago
Credibility The government says it will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades. The Treasury Department plans to borrow more...
Tags: billion, dollars, financial, rescue program, crisis, economic, Treasury Department, US Treasury
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