-
Obama's reported pick for Secretary of Treasurer gets high marks, but he carries some baggage as well
-
Obama's reported pick for Secretary of Treasurer gets high marks, but he carries some baggage as well
-
A high-ranking official in the Treasury Department outlined Monday government plans to utilize the $700 billion financial rescue package passed earlier this month. Neel Kashkari, who became the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, said the government's main goal is to use the Troubled Asset Relief Program, also known as the TARP, to restore capital flow to consumers and businesses.
-
There's probably no way Treasury could just recapitalize a few big banks and leave the rest of the industry to its own devices. Which inevitably complicates things.
-
The Bush administration is expected Tuesday to announce a broad plan to rescue frozen credit markets that includes buying stakes in financial institutions and insuring some bank debt for three years, according to a person briefed on the proposal.
-
The Bank of New York Mellon has been selected as the lead contractor in the government's efforts to buy up toxic securities that have spawned fear in the financial markets, a mammoth task considered a key to the Treasury Department's plan to restart the nation's credit markets.
-
Here we go again. Treasury Secretary Henry Paulson has come before America with a plan to save the financial system. And this time it might work
-
The Bank of New York Mellon has been selected as the lead contractor in the government's efforts to buy up toxic securities that have spawned fear in the financial markets, a mammoth task considered a key to the Treasury Department's plan to restart the nation's credit markets.
-
Banking regulators are working today to resolve accounting roadblocks that would hold up the government's plan to revive financial markets by investing $250 billion in the nation's banks.
-
The Treasury Department made a switch Wednesday, naming James Lambright as the latest member of the financial rescue team rather than State Department Under Secretary Reuben Jeffery, who was originally slated for the position.
-
WASHINGTON -- The U.S. government will start doling out $125 billion to nine major banks this week to get credit flowing again, but Monday's announcement offered cold comfort to investors as rising anxiety about a worldwide recession drove stocks down sharply around the globe.
-
WASHINGTON -- The government will begin doling out $125 billion to nine major banks this week as part of its effort to contain a growing financial crisis, a top Treasury official said Monday.
-
The U.S. government will start doling out $125 billion to nine major banks this week to get credit flowing again.
-
Tim Geithner is the right man to lead the US Treasury. The famously wonkish New York Federal Reserve boss is pragmatic understands markets and has repeatedly brought financial rivals together to forge solutions to otherwise intractablelooking problems. Moreover because he has not been afraid to inflict pain on Wall Street he also commands respect from its ranks - and from legislators and bureaucrats.
-
CHICAGO (Reuters) - President-elect Barack Obama, who will inherit the worst financial crisis in decades when he takes office, is expected to announce his pick for some key economic jobs soon and may reveal his Treasury Secretary selection as early as Thursday.
-
Obama may pick both men to run that key department.
-
The federal government is preparing to take tens of billions of dollars in ownership stakes in an array of companies outside the banking sector, dramatically widening the scope of the Treasury Department's rescue effort beyond the $250 billion set aside for traditional financial firms, government and industry officials said.
-
Federal government prepares to take tens of billions of dollars in ownership stakes in an array of companies outside the banking sector.
-
pimg src="http://img.timeinc.net/time/blogs/images/thumbnails/fox.jpg" align="left" width="75" title="" border="0"/It sounds they work awfully well together. The optimal solution might be to have both of them involved in the new administration's economic and financial policymaking/pbr clear=allimg src="http://feeds.feedburner.com/~r/time/blogs/~4/446672880" height="1" width="1"/
-
WASHINGTON -- Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses. Democrats are pressing hard to include a multibillion-dollar bailout for faltering automakers, too _ over administration objections. Unimpressed by any of the talk on Wednesday, Wall Street dove ever lower.
-
THE US Treasury backed away from using a $US700 billion bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.
-
Treasury Secretary Henry M. Paulson Jr. announced a series of moves yesterday that redefine the federal government's $700 billion rescue plan for the financial industry in order to tackle what he called a dire situation in the consumer credit markets.
-
-
CHICAGO (Reuters) - Momentum to name Timothy Geithner as the next U.S. Treasury Secretary seems to be building, both among the country's top business executives and bettors with actual skin in the game.
-
-
WASHINGTON (AP) -- President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market soared on the news. Word of Geithner's likely selection emerged as New York Sen. Hillary Rodham Clinton, in line to become secretary of state, said through a spokesman that discussions were on track for her appointment but no final...
-
President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, a Democratic aide said Friday.
-
From Jake Tapper and George Stephanopoulos: After a very fluid process in which the identity of President-elect Obama's leading candidate for the job seemed to fluctuate like the market, on Friday New York Federal Reserve President Timothy Geithner emerged poised...
-
Stocks soar on news Obama plans to nominate Gaithner for Treasury.
-
President-elect Barack Obama will name Timothy F. Geithner to be his Treasury secretary, according to a knowledgeable Democrat, The New York Times’s Jackie Calmes reports on the Caucus blog. The choice of Mr. Geithner would elevate a Treasury veteran who as president of the Federal Reserve Bank of New York has all year been at the [...]
-
Tim Geithner, president of the Federal Reserve Bank of New York, is expected to be nominated as Barack Obama's Treasury secretary, according to Democrats close to the decision
Subscribe to our RSS (Really Simple Syndication)