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Bush announces $17.4 million auto bailout
By Mike Vonasten on December 19th, 2008 | No Comments
Politico By MIKE ALLEN President Bush is announcing a $17.4 billion bailout for auto manufacturers, with the loans contingent on the firms proving that they can become “viable” ongoing fi... -
Dollar No Longer Haven After Fed Moves Rate Near ZeroBy Mike Vonasten on December 17th, 2008 | No Comments
Bloomberg By Kim-Mai Cutler and Bo Nielsen Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated. T... -
Fed cuts rates to record low range of zero to 0.25%By Mike Vonasten on December 17th, 2008 | 1 Comment
MarketWatch Senior Federal Reserve official outlines scope of new programs By Greg Robb WASHINGTON (MarketWatch) — The Federal Reserve pulled out all the stops in its campaign to save the U.S. e... -
Bush says sacrificed free-market principles to save e...By Mike Vonasten on December 17th, 2008 | 1 Comment
AFP US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.” “I’ve abandoned free-market ... -
Fed Readies for Balance Sheet Tool as Rate Nears ZeroBy 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... -
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... -
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...
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