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usatoday.com
usatoday.com (usatoday.com) has great US Economic Bailout of 2008 news, photos, videos and more
Sunday, Nov 30
Auto union chief pleads for government bailout help
WASHINGTON - The head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Detroit Big Three put the final touches on company stabilization plans they must submit to Congress."We cannot afford to see these companies fail," said Ron Gettelfinger...
Tuesday, Nov 25
Citigroup deal could be template for other banks
NEW YORK - The latest bailout of Citigroup (C) helped soothe financial markets Monday and could serve as a model for other U.S. banks looking for help with their large portfolios of toxic assets.The U.S. government late Sunday offered $20 billion for Citi preferred stock, on top of the $25 bill...
Monday, Nov 24
Government unveils plan to rescue Citigroup
WASHINGTON - Federal regulators late Sunday agreed to backstop about $306 billion of Citicorp's riskiest assets to bolster the staggering banking giant, in yet another in a growing list of radical efforts to shore up confidence in troubled financial markets.Under the agreement annou...
Obama leans on new economic team for 'jolt'
CHICAGO - President-elect Barack Obama asked his new economic team Monday to design the specifics of a major stimulus package that can "jolt the economy back into shape."Democratic allies, such as Sen. Charles Schumer, D-N.Y., have said the economic crisis requires a stimulus package in t...
Wednesday, Nov 19
Paulson defends bailout, lawmakers seek foreclosure aid
WASHINGTON - Lawmakers on Tuesday blasted Treasury Secretary Henry Paulson's management of the sweeping $700 billion financial rescue law, accusing him of ignoring provisions designed to help homeowners at risk of foreclosure.House Financial Service Committee Chairman Barney Fr...
Monday, Nov 17
Plans for $25 billion to help automakers face obstacles
WASHINGTON - The Treasury would have 25 days to begin lending $25 billion to U.S. automakers under a bill unveiled Monday, but lawmakers from both parties, as well as the White House, withheld support or demanded tough conditions on any aid.The objections threaten to consume whatever time...
As it asks for bailout, GM cuts extravagance, office supplies
LOS ANGELES - General Motors' (GM) Cadillacs and Hummers may be icons of extravagance, but a cash crunch is forcing frugality on the automaker, from paper clips to auto shows.GM puts its poverty on center stage by its obvious absence from media events at the Los Angeles Auto Show starting t...
