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| | | ... and the national unemployment rate will approach double digits.' He wants the package wrapped up and on his desk before Congress breaks for the President's Day holiday on 16 February. At home, approval of the Federal Government's A$42 billion stimulus ... |
| | | | ... cent, to 865.26. LONDON - European stocks rallied late in trading, powered by the banking sector on expectation the US congress will approve President Barack Obama's plan to stimulate the recession-hit US economy. In London the FTSE 100 index added 15.74 ... |
| | | | ... So why the sudden change of heart? Well, according to Bloomberg, the ugly US payrolls number in January 'would force Congress to reach a compromise on President Barack Obama's economic stimulus package'. The employment report showed that 598,000 more ... |
| | | | ... cent on Friday to end four weeks of falls, in anticipation of another US government stimulus package being approved by Congress. Worse than expected employment figures were seen as added pressure on Congress to approve the stimulus plan, now expected ... |
| | | | ... way into the system. This is, after all, the democratic process. Any and all government spending must be approved by Congress and vetted by the Senate. But while US congressmen display their gift of gab, arguing for and against President Obama's proposed ... |
| | | | ... eked out small gains Monday in choppy trade as investors eyed President Barack Obama's stimulus plan weaving through Congress. The Dow Jones Industrial Average rose 38.47 points (0.48 per cent) to settle at 8,116.03 after sharp losses last week of over ... |
| | | | ... "sustainable" financial system. The statement, which is signed by Treasury Select Committee chair John McFall, Trade Union Congress (TUC) general secretary Brendan Barber and Hermes Stewardship Services founder David Pitt-Watson, urges pension funds ... |
| | | | ... Obama's Treasury Secretary nominee, Timothy Geithner, was on Capitol Hill for his Senate confirmation hearing. He asked Congress to act quickly and forcefully to deal with financial crisis and said Obama is working to foster economic recovery and "get ... |
| | | | ... ended with modest gains Thursday as the market erased early losses after news of a big economic stimulus introduced in Congress and a possible government aid plan for Bank of America. The Dow Jones Industrial Average finished with a gain of 12.82 points ... |
| | | | ... points, or 1.12 per cent, at 3,573.3. NEW YORK - Wall Street regained some of its optimism Wednesday, on expectations that Congress will extend a lifeline to US automakers and avoid a potential pitfall for the economy. In the Treasury market, the four-week ... |
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