Word: spend
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...unclear, though, whether Fine's special access will translate into financial help. Geithner has said he will spend a certain portion of the remaining $350 billion in the Treasury program formerly known as TARP investing more money in the nation's banks. But he hasn't said whether he intends to use the money to shore up the larger troubled banks or as grants to some smaller banks that don't necessarily need the funds but could use the additional money to make more loans. The government is reportedly in talks with Citigroup to take ownership of as much...
...clear how much of what Fine discussed with Geithner made its way into the plan that the Treasury Secretary announced in early February. Geithner offered only a broad outline of how he plans to spend the rest of his recovery funds. But community banks were probably pleased by Geithner's proposal to expand the Federal Reserve-funded Term Asset-Backed Securities Loan Facility to commercial-real estate loans as well as consumer credits...
...need to become a nation that pays for what we spend, not borrow to spend. In addition, a well-functioning government should regulate business and level the playing field so that every hard-working individual can share in a prosperous economy. Once individuals become prosperous, they should contribute more so others can succeed. Lower taxes and less government would be wonderful, but that implementation nearly destroyed our economy...
...budget gimmickry. Obama previewed this line of reasoning on Monday, when he kicked off a fiscal summit at the White House. "For too long, our budget process in Washington has been an exercise in deception," Obama announced. "We do ourselves no favors by hiding the truth about what we spend." In specific terms, this means accounting for expenses like the wars in Iraq and Afghanistan as well as natural disasters as part of the normal budget process. But the bigger point is to differentiate Obama, who remains quite popular, from Bush, who remains quite unpopular. The move allows Obama...
...Vietnam's stimulus program pales in comparison to the $787-billion package approved by U.S. lawmakers last week, but the country is doing what it can to jumpstart its economy. The cash giveaway followed November's announcement of a plan to spend $1 billion to subsidize interest rates for businesses and to lower taxes in order to boost investment and create jobs...