Word: reliefer
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TARP Eligible banks will be permitted to access capital remaining in the $700 billion Troubled Asset Relief Program. Recipients will be required to show how the funds would promote new lending...
...gargantuan federal stimulus package should offer some relief to desperate districts; the House and Senate are haggling over versions that include at least $80 billion for education programs, a significant bump up from the Education Department's $59 billion discretionary budget for fiscal 2008. But there's a catch: a big chunk of the stimulus money that is designed to prevent massive teacher layoffs will be awarded only to states that spend at least as much on education as they did in 2006 - a tall order given that a minimum of 42 states are facing significant budget gaps. At least...
...last month. "Just today, the CEO of Caterpillar said that if this American Recovery and Reinvestment Plan is passed, his company would be able to rehire some of the employees they've been forced to lay off," Obama said. "It's also a plan that will provide immediate tax relief to families and businesses, while investing in priorities like health care, education, energy and infrastructure that will grow our economy once more...
...companies write off recent losses, and a home-buyers' credit of $15,000 was reduced to $8,000. A provision to help car buyers write off their interest payments was also reduced, to $2 billion from $11 billion. The bill does include a $70 billion annual Alternative Minimum Tax relief patch to prevent millions of middle-class Americans from getting penalized by a measure that was originally targeted at the rich. Reid on Wednesday boasted that the measure will cut taxes for 95% of workers, though the final agreement trimmed Obama's proposed tax rebates of $500 a year...
...same day that U.S. envoy Richard Holbrooke concluded a four-day visit to Pakistan, the nation on Thursday announced that it had initiated trial proceedings against eight suspects and arrested most of those involved in the Mumbai massacre. The announcement, tentatively welcomed in India, will be greeted with relief in Washington, which has been working hard to avert a confrontation and to align the governments of India and Pakistan in a common fight against extremism in the region...