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Monthly Archive January, 2009

House passes $819 billion stimulus bill

January 30, 2009

The House on Wednesday evening passed an $819 billion economic stimulus package Wednesday on a party-line vote, despite President Obama’s efforts to achieve bipartisan […]

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NY financier arrested in purported $400 million scam

January 28, 2009

Authorities on Monday arrested the chief executive of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted […]

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Treasury Demands Banks With TARP Funds Report Lending

January 21, 2009

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 […]

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Bank-rescue hopes buoy stocks

January 18, 2009

Stocks rose Thursday, erasing earlier losses, as investors breathed a sigh of relief that the government will make more funding available to Bank of […]

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Merkel’s Coalition Forges $66 Billion Stimulus Plan

January 14, 2009

Chancellor Angela Merkel’s coalition agreed to spend an extra 50 billion euros ($66 billion) this year and next and backed a fund to guarantee […]

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Obama selects chief performance officer

January 10, 2009

President-elect Barack Obama plans to name Nancy Killefer on Wednesday as his administration’s chief performance officer, according to two Democratic officials.
Killefer is senior director […]

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Obama seeks $310 billion in tax cuts

January 6, 2009

President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior […]

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