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The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.
WASHINGTON -Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
The fate of the Affordable Care Act (Obamacare) will be determined within the next few months. We’ll soon know if America will be saddled permanently with an unaffordable, unworkable, unpopular entitlement when we can least afford it.
Right now the President of the United States is making numerous changes in his staff of phony leaders.
WASHINGTON - Hooray for the red, yellow and orange! Those are the colors featured on the newly redesigned $10 bill, the third currency denomination to add splashes of color to the traditional green of U.S. currency.
It should it not be of any surprise that our racist elected officials in this state would be doing anything differently in raising the “birther issue” once again. We must all remember that Arizona was the last state in the union to approve MLK Day as a legal holiday.
WASHINGTON - The Federal Reserve and the Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival.
Arizona Secretary of State Ken Bennett: No longer are corporations barred from tapping their treasury to directly advocate for and against candidates. Now, imagine such advertisements without disclosure as to who was behind them. That's the situation Arizona may face if we don't act now.
March 7, 2005
President Bush’s choice for president of the World Bank is the candidate he should have named two years ago, Robert Zoellick, a career diplomat and a top official in three Republican administrations.
WASHINGTON - The trees won't be the only thing sprouting new colors come springtime.
The letter from Bill Sandry (May 20) blaming the 1999 repeal of the Glass-Steagall Act of 1933 for the financial meltdown that began in 2007 is another in a long series of Republican/tea party attempts to blame Bill Clinton for the mess created by the failed fiscal policies of George II and the Republican-dominated House and Senate of the 1990s and the first half of this decade.
WASHINGTON - Appealing for global unity in a time of crisis, Treasury Secretary Henry Paulson said Sunday that isolationism and protectionism do not offer a way to contain the spreading damage.
Now we know where Republicans true interests lie. They are against investing $700 billion of taxpayer money into rescuing the United States, and all the while doing nothing but support and demand the investment of $700 billion of taxpayer money into destroying and then rebuilding Iraq.
WASHINGTON - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered.
BEIJING - Talks on Pyongyang's commitment to close its main nuclear reactor in exchange for energy aid were expected to gain momentum, the chief U.S. nuclear negotiator said Thursday, after the U.S. took steps that could lead to the unfreezing of North Korean funds held at a Macau bank.
It's almost a case of starting over for Gov. Jan Brewer as she weighs whether to ask legislators to provide government-paid health coverage to hundreds of thousands of additional low-income Arizonans.
Saying it will save money, the Obama administration is scrapping the production of presidential dollar coins even as an Arizona congressman wants them to replace greenbacks.
A Tempe-based aircraft maintenance company has become a target for acquisition by an oil-rich Arab emirate that has been a focus of political concerns over national security.
WASHINGTON - America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.
BEIJING - Envoys worked Sunday to negotiate a schedule for dismantling North Korea's nuclear programs, amid efforts to resolve the thorny issue of U.S. financial sanctions that have frozen some $25 million in North Korean funds.
WASHINGTON - The Homeland Security Department objected at first to a United Arab Emirates company's taking over significant operations at six U.S. ports. It was the lone protest among members of the government committee that eventually approved the deal without dissent.
WASHINGTON - News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday.
WASHINGTON - President Bush lifted U.S. sanctions against the old government of Iraq on Wednesday and prodded the U.N. Security Council to do the same. "No country in good conscience can support using sanctions to hold back the hopes of the Iraqi people," Bush said.
WASHINGTON - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation.