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U.S. imposes new sanctions on Iran
WASHINGTON -- The Obama administration slapped new sanctions on Iran’s state broadcasting agency and Internet-policing agencies Wednesday as economic sanctions enacted last summer also took effect. The actions are part of an effort to force the...
Tags: Iran, Washington, DC, Nuclear Policy, Islam, Iran's Nuclear Program
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Going good postal
The U.S. Postal Service, in its latest bid to save a few billion bucks, plans to stop delivering mail on Saturdays. It's not enough. The ugly truth is that the Postal Service's commitment to universal mail service is no longer financially viable in...Tags: Telecommunication Service, Starbucks Corp., FedEx Corporation, Science and Technology, Economy, Business and Finance
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Ex-Treasury Secretary Geithner's new job: fellow at N.Y. think tank
WASHINGTON -- It didn't take long for former Treasury Secretary Timothy F. Geithner to land a new job, and it's not on Wall Street -- though it's in the same area code. The Council on Foreign Relations, a nonpartisan think tank based in New York, said...
Tags: Economy, Business and Finance, Ben Bernanke, Jack Lew, Politics, Timothy Geithner
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Henry Paulson turns career adviser at U. of C.
Former U.S. Treasury Secretary and former Goldman Sachs CEO Henry Paulson worked as a career coach Friday for University of Chicago MBA students. He started with the rather unhelpful, yet charming, anecdote about setting off for Dartmouth College and...
Tags: Archer Daniels Midland Incorporated, China, Economy, Business and Finance, University of Chicago, Vietnam War (1955-1975)
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Debt ceiling bill clears Senate; Obama expected to sign
WASHINGTON – Legislation to suspend the nation’s debt ceiling for a few months is on its way to the White House for President Obama’s signature, clearing the Senate on Thursday after a series of failed votes on Republican-backed...Tags: White House, Washington, DC, Public Finance, John Boehner, Politics
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Summary: Watchdog says US may lose $27B
LOSSES FROM BAILOUT: A government watchdog says U.S. taxpayers stand to lose $27 billion from the 2008 financial bailout, up from an estimate of $22 billion in the fall. ALLY OWES: Ally Financial Inc., the former financial arm of General Motors, still...Tags: General Motors Corp., Economy, Business and Finance, Finance
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Watchdog says taxpayers may lose $27B in bailout
WASHINGTON (AP) — A government watchdog says U.S. taxpayers stand to lose $27 billion from the 2008 financial bailout, up from an estimate of $22 billion made in the fall. A report issued Wednesday by the special inspector general for the Troubled...
Tags: General Motors Corp., Washington, DC, American International Group, Economy, Business and Finance, Bankruptcy
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Time to break up the biggest Wall Street banks
TARP, the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008, is finally over. The Treasury Department recently announced it will soon be completing the sale of the remaining shares it owns of the banks and of General Motors....
Tags: Christopher Dodd, U.S. Senate Committee on Finance, Economy, Business and Finance, Politics, U.S. Congress
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Source document: Myth vs. Fact on the debt limit
Change of SubjectThis 2011 release from the U.S. Treasury Dept. is once again relevant: The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and...... -
Webliography: The debt-ceiling fight
Change of SubjectA collection of sources on the debt-ceiling issue: How to End Congressional Meddling in the Debt Ceiling, Bloomberg News editorial Congress has enough to fight about. Taking the debt-limit authority out of its hands would allow lawmakers to concentrate... -
Bernanke urges Congress to raise the debt limit
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke on Monday warned Congress that it needed to raise the debt limit so the U.S. could pay its bills and not face default, which he said would be “very, very costly to our economy.” Speaking...
Tags: Washington, DC, Money and Monetary Policy, Public Finance, Economy, Business and Finance, Justice System
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Obama warns GOP against trying to 'collect a ransom' in debt fight
WASHINGTON -- Painting a grim picture of the economic fallout from such a move, President Obama warned Republicans on Capitol Hill not to use the federal debt limit as leverage to win budget cuts and accused them of threatening to "blow up the economy."...Tags: Public Finance, Mitch McConnell, Politics, Elections, Parties and Movements
Feb 6, 2013
|Story| Los Angeles Times
Feb 6, 2013
|Column| Los Angeles Times
Feb 6, 2013
|Story| Los Angeles Times
Feb 3, 2013
|Column| Chicago Tribune
Jan 31, 2013
|Story| Los Angeles Times
Jan 30, 2013
|Story| Petoskey News
Jan 30, 2013
|Story| Petoskey News
Jan 16, 2013
|Story| Baltimore Sun
Jan 8, 2013
| Chicago Tribune
Jan 8, 2013
| Chicago Tribune
Jan 14, 2013
|Story| Los Angeles Times
Jan 14, 2013
|Story| Los Angeles Times
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