Category Archives: Bail Out

Senate passes state aid bill, House to return for vote

By doris | Published: August 6, 2010

Full Story at msnbc.com WASHINGTON — Congress is moving rapidly just weeks before the start of the school year to speed billions of dollars in emergency education aid to states in hopes of reversing the layoffs of tens of thousands of teachers. Some $10 billion in aid to school districts is set to flow after [...]

Also posted in Economy, Education, Government, Help, Lawmakers, Money | 1 Comment

33 states out of money to fund jobless benefits

By doris | Published: April 9, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans. A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than [...]

Also posted in Benefits, Money | Leave a comment

As banks repay bailout cash, U.S. sees a profit

By doris | Published: August 31, 2009

Full Story at msnbc.com Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected from eight of the biggest banks that have fully repaid their obligations to [...]

Also posted in Bank, Economic, Government | Leave a comment

GOP slams Obama stimulus as ineffective

By doris | Published: July 9, 2009

Full Story at CNN.com They criticized the White House for referring to the number of “jobs created or saved” by the $787 billion package — a metric, they claimed, that is impossible to verify. The White House Office of Management and Budget defended the plan, arguing that every federal dollar spent has, by definition, helped [...]

Also posted in Democrat, Economy, Government, jobs, Money, Presidental, Republican, Stimulus, White House | Leave a comment

Hawaii senator helps bank he founded get aid

By doris | Published: July 1, 2009

Full Story At msnbc.com WASHINGTON – Sen. Daniel K. Inouye’s staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth. The bank, Central Pacific Financial, was an unlikely candidate for a [...]

Also posted in Bank, Economy, Federal, Money, Politcal | Leave a comment

Schwarzenegger: No borrowing to keep California running

By doris | Published: June 12, 2009

Full Story At CNN.com (CNN) — Unless lawmakers agree on how to close the budget gap, California Gov. Arnold Schwarzenegger says he refuses to borrow money to keep the state running in the face of a $24.3 billion budget deficit and a new fiscal year on the horizon. “We need to just basically cut off [...]

Also posted in Economy, Government, Lawmakers, States | Leave a comment

Analysts: Next bailout will be a tougher sell

By doris | Published: March 18, 2009

Full Story At  CNN.com Echoing the sentiment of taxpayers, the president on Monday called the ailing insurance giant’s plans to dole out $165 million in bonuses an “outrage” and said he would attempt to block the additional compensation. AIG, one of the big benefactors of the government bailout, is now nearly 80 percent owned by [...]

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Poll: Frustration Growing Over Bailouts

By doris | Published: March 17, 2009

Full Story At  CBS News CBS) A growing number of Americans are opposed to providing government assistance to ailing financial institutions, according to a new CBS News poll. The poll also shows that the public clearly blames the management of the banks for the crisis and that many Americans are feel resentful that irresponsible banking [...]

Also posted in Bank, Blame, Economy, Government, Politcal, Stimulus, Wrong Doing | Leave a comment

White House bracing for a bailout backlash

By doris | Published: March 16, 2009

Full Story At  msnbc.com WASHINGTON – The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda.

Also posted in Bank, Government, Money, Politcal, Wall Street, White House | Leave a comment

What got cut from the stimulus bill

By doris | Published: February 11, 2009

Full Story At What got cut from the stimulus bill – CNN.com CNN obtained, from a Democratic leadership aide, a list of some programs that have been cut, either entirely or partially: Partially cut: • $3.5 billion for energy-efficient federal buildings (original bill $7 billion) • $75 million from Smithsonian (original bill $150 million)

Also posted in Government, Money, Politcal, Stimulus, White House | Leave a comment

Plan to impose new rules, aims to unclog credit

By doris | Published: February 10, 2009

Full Story At  msnbc.com WASHINGTON – The Obama administration, seeking to deal with the political outrage over the handling of the government’s $700 billion financial rescue program, plans to impose tough new standards on future payments to banks. It is also greatly expanding an effort to unclog credit markets to provide loans to consumers and [...]

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Pared-down stimulus deal reached in Senate

By doris | Published: February 7, 2009

Full Story At msnbc.com WASHINGTON – With job losses soaring nationwide, Senate Democrats reached agreement with a small group of Republicans Friday night on an economic stimulus measure at the heart of President Barack Obama’s plan for combatting the worst recession in decades.

Also posted in Government, Money, Politcal, Senate, White House | Leave a comment