Word: federales
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The economy has moved to the waiting room. There are unlikely to be many very important indicators until July. The rate at which unemployment is rising is supposed to slow. If so, May should be the last month that the figure can rise by more than 500,000. If June...
It is very clear what will happen if all or most of these things go well. What is not clear is what will happen if things go poorly. The reason for the hundreds of billions of dollars being added to the federal deficit is the belief that the government can...
Now that you've finished filing your taxes, here's another task sure to clog your calculator-tallying the cost of the auto bailout. With General Motors Corp. running through $10 billion in cash from the federal treasury during the first three months of 2009 and Congress poised to offer...
Last week the Treasury Department provided Chrysler $4.1 billion in debtor-in-possession financing to help it get through bankruptcy, bringing the total amount of federal 'loans' to Chrysler to more than $8.2 billion. GM, meanwhile, has received $15.4 billion from the Troubled Asset Relief Program and its total loan...
In addition, several automakers, among them Ford Motor Co., Volkswagen, Nissan, Honda and Mitsubishi, have applied for assistance under the Federal Reserve Board's Term Asset-Backed Securities Loan Facility or TALF. The TALF, which was set up last fall, was designed to subsidize the sale of asset-backed securities...