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December 3, 2008
Lawmakers Hedge Their Bets on Auto Bailout


By: Fox News

Detroit's automakers, making a second bid for a multi-billion dollar industry bailout, presented Congress with their plans to restructure their ailing companies and provided assurances that the funding will help them survive and...


December 3, 2008
Trade group: Wal-Mart death may not justify crowd law

By: Detroit Free Press

The trampling death of a Wal-Mart Stores Inc. worker the day after Thanksgiving was an isolated incident that may not justify a new law requiring New York chains to improve crowd control, a trade-group official said.

 

 


December 2, 2008
Treasury Secretary Paulson Remarks on the U.S. Economy and Financial System

By: U.S. Treasury Department

Washington- Good afternoon. Thank you for the opportunity to provide an update on the current state of the U.S. economy, our implementation of the financial rescue package and strategies for use of the remaining TARP funds....


December 2, 2008
Bernanke Warns That Economy Will Remain Weak


By: New York Times

Addressing critics of the Federal Reserve’s response to the current economic crisis, the central bank’s chairman, Ben S. Bernanke, defended the Fed’s actions on Monday, calling them “exceptionally rapid and proactive” measures...


December 2, 2008
Pelosi seeks fast action on stimulus bill

By: Reuters

House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package she hopes Barack Obama can sign when he becomes president on January 20.

 


December 2, 2008
James L. Jones' energy views worry some environmentalists

By: Los Angeles Times

When President-elect Barack Obama introduced James L. Jones Jr. as his national security advisor Monday, he emphasized the retired Marine general's understanding of "the connection between energy and national security." Obama...


December 2, 2008
$700 billion bailout to get first audit

By: CNN Money

The federal government's $700 billion financial rescue plan will get its first official review Tuesday. The Government Accountability Office will present Congress with a report Tuesday on the bailout's progress and the Treasury...


December 2, 2008
N.Y. Fed begins search for successor to Geithner: Journal

By: MarketWatch

The Federal Reserve Bank of New York has begun a search for a successor to President Timothy Geithner, whom President-elect Barack Obama has tapped as treasury secretary, The Wall Street Journal reported. Geithner has ceded his...


December 2, 2008
Automakers ready bold pitch; UAW to mull concessions

By: Detroit Free Press

Top UAW officials from across the country will meet in Detroit on Wednesday to consider key concessions in hopes of helping Detroit's automakers gain congressional approval of $25 billion in federal loans. Automakers must submit...


December 1, 2008
UAW wants limits on carmakers' executive pay

By: Reuters

The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said on Sunday.

 


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