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President-elect Barack Obama made his most important Treasury Department personnel choice, but Timothy Geithner has big personnel challenges of his own...Treasury has so far struggled to keep up with the task of hiring enough people to handle the $700...
Tags: trillion, barack, obama, Treasury Department
Stan Collender , a former budget staffer for the House and Senate, told The Boston Globe Obama faces "four of the roughest fiscal years in the history of the United States." "A trillion-dollar deficit is not only something you wouldn't have seen in an...
Tags: obama, trillion, 1 trillion, president, budget, stimulus, economic stimulus, economy, economic, billion
South Korea's Finance Ministry predicted Thursday that the country's internal tax revenues next year will be 143.65 trillion won (99.3 billion U.S. dollars), 2 percent lower from an earlier forecast. The income tax projection was lowered by 3.7 percent...
Tags: trillion, South Korean, U.S, S. Korea, tax revenues, trillion won
The Freedom from Debt Coalition (FDC) on Monday pressed the House of Representatives to explain the P14 billion debt payment reductions it made from the proposed P1.415 trillion national budget for 2009 during the third and final reading at the Congress...
Tags: debt, trillion, campaign kitty
Of course, those 2007 numbers get augmented a bit when you include the economic hullabaloo of the past year. National debt now stands at around $10.6 trillion, giving us a current debt/GDP figure of more than 75%. Our budget deficit is also expected to...
Tags: debt, stimulus, economic stimulus, trillion, spending, budget, economy, package, bailout, obama
After a slow start, U.S. banks are starting to line up for a share of the $700 billion bailout program approved by Congress, Treasury officials say. The Treasury says 35 banks have now signed up for about $163 billion in aid and hundreds more are expected...
Tags: financial, economic, billion, bailout, government, 700 billion, president, crisis, obama, trillion
PT Telekomunikasi Indonesia Tbk`s (PT Telkom) earnings have dropped as a result of current global financial crisis and a slump in the cost of interconnection service. "Until the third quarter of 2008, the company`s financial performance has been declining,"...
A House Armed Services Committee aide, meanwhile, said panel members “would not consider a cut that sizable.” A 25 percent reduction would equate to a cut of around $150 billion in annual spending. Democrats on the defense committees traditionally hold...
Tags: trillion, discretionary funding, summary table, total discretionary
In an Oct. 14 story on the record federal budget deficit for 2008, The Associated Press incorrectly quoted Senate Budget Committee Chairman Kent Conrad as saying the national debt had climbed by more than $1 trillion while President Bush was in office.
Tags: trillion, debt, Federal Budget
here’s one thing Democrats and Republicans in Congress agree on these days: When it comes to raising hundreds of billions of dollars to bail out banks or stimulate the economy, better to go further into debt than cut costs or raise taxes.
Tags: billion, government, congress, bailout, 700 billion, democrats, trillion, obama, barack, latest