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Fed Readies for Balance Sheet Tool as Rate Nears Zero
By Mike Vonasten on December 16th, 2008 | No Comments
Bloomberg By Craig Torres and Steve Matthews Dec. 16 (Bloomberg) — The Federal Reserve may today reduce its main interest rate to the lowest level on record and prepare for one of the boldest ex... -
White House considers help for car makersBy Mike Vonasten on December 12th, 2008 | No Comments
AP By KEN THOMAS and JULIE HIRSCHFELD DAVIS WASHINGTON (AP) - Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collap... -
Treasury Decides to Bailout Auto Industry AnywayBy Mike Vonasten on December 12th, 2008 | No Comments
AP Treasury stands ready to ‘prevent an imminent failure’ of auto companies By Jeannine Aversa WASHINGTON (AP) — The Treasury Department said Friday it’s prepared to act to avo... -
Auto Bailout Dies in SenateBy Mike Vonasten on December 12th, 2008 | No Comments
AP Union balks and $14B auto bailout dies in Senate By JULIE HIRSCHFELD DAVIS and KEN THOMAS WASHINGTON (AP) - A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers T... -
House Approves Automaker Bailout, Sends It to SenateBy Mike Vonasten on December 11th, 2008 | No Comments
Bloomberg By John Hughes Dec. 10 (Bloomberg) — The House approved a $14 billion loan package intended to prevent a collapse of domestic automakers that would threaten millions of U.S. jobs. The ... -
Democrats, White House get auto dealBy Mike Vonasten on December 10th, 2008 | 1 Comment
AP by JULIE HIRSCHFELD DAVIS WASHINGTON (AP) - Majority Democrats and the Bush White House have finalized a deal to speed $14 billion in emergency loans to struggling U.S. automakers, congressional ... -
Congress May Vote Today on $15 Billion Auto Aid PlanBy Mike Vonasten on December 10th, 2008 | No Comments
Bloomberg By John Hughes and Holly Rosenkrantz Dec. 10 (Bloomberg) — Congress will vote as early as today on a $15 billion plan Democrats reached with the Bush administration to keep U.S. automa... -
Bernanke Invocation of ‘War Powers’ Undermines Fe...By Mike Vonasten on December 9th, 2008 | 1 Comment
Bloomberg By Craig Torres and Steve Matthews Dec. 9 (Bloomberg) — The Federal Reserve’s interest-rate target is getting close to zero, and so is the power of the Fed’s regional bank presiden... -
Pelosi: “car czar” could be named this we...By Mike Vonasten on December 9th, 2008 | No Comments
Reuters by Ross Colvin WASHINGTON (Reuters) - A presidentially appointed “car czar” to oversee the restructuring of struggling U.S. automakers could be named as soon as this week if Congre... -
Retail sales dropping like a rockBy Mike Vonasten on December 7th, 2008 | No Comments
Market Watch Economic weakness ‘feeding on itself,’ analysts say By Rex Nutting WASHINGTON (MarketWatch) — Consumer spending, the backbone of the U.S. economy, has been battered, if ...
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