President Obama spoke today about the need for more government action to spur job creation, saying that small businesses and green jobs were the way forward for the nation. He proposed shifting funds from the TARP program--the much-derided bank bailout--to job creation programs, and offered tax ...
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In several regions of the United States — Michigan, parts of Ohio and Indiana, stretches of New England and the rural south, historically depressed urban areas -- the jobless figures are so acute that they have become the definitional social, economic and political concern. John Nichols of...
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The Obama Administration is expected to cut the projected costs of the bank bailout program. The TARP funds could be used to reduce the federal deficit or create new jobs.
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(NECN) - Harvard Professor Elizabeth Warren was named Boston Globe Magazine’s Bostonian of the Year. Warren is also chairing the congressional oversight panel monitoring the Troubled Assets Relief Program. Editor Susanna Althoff has more ...
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Sep. 10 - U.S. Treasury Secretary Timothy Geithner said on Thursday the economy has regained enough strength to allow a shift in the government’s strategy from rescue to preparing for future growth.
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Jan 19 - The UK government allows banks to insure against steep losses and guarantee their debt to stop the credit crunch pushing the economy into a deep slump.
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(NECN: Washington) - Treasury Secretary Timothy Geithner is telling a skeptical oversight panel that his decision to extend the government’s unpopular bank bailout program through October sets the stage for eventually shutting it down. ...
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