United States
United StatesSpace engineer named to unclog “toxic” banking mess
Neel Kashkari, 35, a United States Assistant Secretary of the Treasury, was named on Tuesday interim head of the Office of Financial Stability by US Treasury Secretary Henry Paulson. The office will run the 700 billion US dollars financial bailout program signed into law Friday.
Rescue plan included “shot of rum” for US Caribbean islands
The United States economy received a 700 billion US dollars shot in the arm Friday, and Puerto Rico and the US Virgin Islands got a shot of assistance from rum, according to the US Caribbean territories press.
Close vote expected for bail-out plan in US Lower House
Members of the United States House of Representatives are considering a revised 700 billion US dollars plan to rescue the US financial sector and should be taking a vote on Friday.
Sarah Palin set the tone of the debate, according to CNN
Alaska Governor Sarah Palin set the tone for how she would approach Thursday night's vice presidential debate before it began. Meeting Democratic rival Senator Joe Biden at center stage to shake his hand as they walked out, she greeted him warmly and said, “Nice to meet you. Hey, can I call you Joe?”
California is asking 7 billion USD from Uncle “Hank” Paulson
California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
US House votes rescue package: now unchartered waters
The United States House of Representatives finally passed a 800 billion government plan to rescue the US financial sector. The 263-171 vote was the second in a week, following its shock rejection of an earlier version on Monday.
US economy loosing jobs at fastest rate in five years
The United Status economy lost jobs in September at its fastest pace in more than five years, --with unemployment reaching 6.1%--, and the outlook from economists and surveys is grim despite Congress' emergency action Friday to stabilize the financial system.
US Senate approved rescue plan; Friday the main hurdle
The United States Senate approved Wednesday evening a new version of a 700 billion rescue plan for the troubled US financial system. Senators voted 74 to 25 in favor of the emergency legislation designed to stabilize volatile markets and limit further damage to the economy.
Car sales in US crash: worst September since 1993
United States car sales fell sharply in September, in the latest sign that the continuing problems in the financial sector are starting to hit the general economy.
US Senate expected to approve revamped rescue package
The United States Treasury Department on Tuesday froze the US assets of eight members of the Revolutionary Armed Forces of Colombia, or FARC, which it has deemed a narco-terrorist organization.
