Bailout Bill
Latest Bailout Bill News
-
Activists End Fast Over Philadelphia School Cuts
state and city have come up with some additional money. School officials, however, say it's too early to know if a state bailout package will allow them to rehire any of the district's 3,800 laid-off employees. Over the weekend, lawmakers in Harrisburg
-
Greek Government, Creditors to Resume Talks
known as the troika. At stake is approval for 8.1 billion euros ($10.6 billion) from the country's multi-billion bailout fund from other eurozone countries and the IMF. Prime Minister Antonis Samaras' government nearly collapsed earlier this
-
Britain Turns to Canada for Its New Banking Chief
same challenges as Britain. Canadian banks were stronger and didn't dabble in subprime mortgages. None of them needed a bailout . Demand for Canada's energy and mineral exports also helped the country rebound faster than most industrial nations in Western
-
S&P Knocks Cyprus Down to 'Selective Default'
Cyprus than the existing bonds and that it was a "distressed exchange." Cyprus agreed to a 23 billion euro ($30 billion) bailout deal in March with its eurozone partners and the IMF. The S&P analysts said they could raise their rating on Cyprus back
-
EU Strikes 2 Major Deals, Stumbles on Unemployment
when markets were worried that Spain — like Greece, Ireland and Portugal before — might be forced to seek a full-blown bailout to stay afloat after pumping billions into its ailing banks. The plan consists of three main pillars: Centralized oversight
-
Portuguese Unions Hold Major Anti-Austerity Strike
the planned cuts the creditors can stop disbursements of the bailout funds, leaving the country at risk of bankruptcy. Nevertheless percent, is forecast to hit 18.5 percent next year. The bailout creditors predicting a contraction of 2.3 percent this year
News
-
EU Budget, Banking Deals Boost Leaders' Summit
bank is restructured or shut down, with a taxpayer-funded bailout being only a limited last resort. A year ago, EU leaders then would national governments kick in and top it up with a bailout possibly worth another 5 percent of the liabilities. —
-
Portuguese Trade Unions Strike Over Austerity
against debt-cutting measures Portugal was compelled to adopt by creditors in return for a 78 billion euros ($102 billion) bailout two years ago. Public sector pay cuts and hikes in taxes on sales and private and corporate income have contributed to the
-
EU Ministers in Fresh Push for Bank Failure Rules
creditors would have to pay to bail out a bank. Following the 2008-2009 government could top it up with a bailout worth another 5 percent of diplomats. Details of the bailout component, however, remained 500 billion euro permanent bailout fund as a last resort to shore
-
Irish PM Pledges Probe Into Anglo Bank Disaster
government will open an investigation into the disastrous bailout of Anglo Irish Bank, following newly disclosed recordings reached 30 billion euros, nearly half of a total bank- bailout bill that forced Ireland to negotiate its own international
-
High Court Voids Key Part of Voting Rights Actrequirement in March. Supporters of the provision pointed to the ability to bail out of the prior approval provision to argue that the law was flexible enough Department announced an agreement that would allow Hanover County, Va., to bail out .
-
New Greek Cabinet Sworn in After Reshuffle
alone. Greece still faces some of its toughest reforms since it began receiving rescue loans in 2010 from an international bailout from its other euro countries and the International Monetary Fund. In return for the funds, Athens has pledged a series of
-
EU Finance Ministers Fail to Agree on Bank Rules
rubber-stamped a seven-year extension of maturities on the bailout loans for Portugal and Ireland, granting the countries more agreed on broad guidelines on how to use the bloc's permanent bailout fund to inject fresh capital into ailing banks as a means of
Videos
-
World Markets React to EU's Bailout Plan401K. We reported last night here on Spain that bombshell bail out request and it turns out. Many believe everyday investors voters there seemed to choose between leaders who would strike a bailout deal. want to be all together. Above Greece as reality settled
-- voters there seemed to choose between leaders who would strike a bailout deal. -- want to be -- all together. Above Greece as reality settled and -- I think that's what people concerned about -
Sam: Congress Should Pass Bailout PlanNo one like this financial bailout plan being negotiated in Capitol Hill I don't like it. I don't were eaten by the bear. Oh please don't tell me how bad this bailout plan is I agree. But my advice to good people in the administration
No one like this financial bailout plan being negotiated in Capitol Hill I don't like it. I don't like putting the huge amount of taxpayer money at risk --eaten by the bear. Oh please don't tell me how bad this bailout plan is I agree. But my advice to good people in the administration and Capitol Hill we're debating it. I don't record as -
Congress Urged to Pass Bailout Billthey must work quickly to pass a 700 billion Dollar Financial bailout . They say the plan will help homeowners and stimulate top money man all morning making the case for the bailout bill what have been the highlight. Well I think one of
banking committee they must work quickly to pass a 700 billion Dollar Financial bailout . They say the plan will help homeowners and stimulate the economy. ABC's Charlie Herman joins us now hi Charlie -- we've been hearing from Washington's top money man all morning making the case for the bailout bill what have been the highlight. Well I think one of the -- has been the Federal Reserve Chairman Ben Bernanke and ask -
Top Officials Lobby for Bailout Planapprove the White House plan to bail out the nation's banks. Related bailout the whole economy. Senior 700 billion dollar plan to bail out Wall Street those it sunny at all convinced that this bailout plan which appears incredibly expensive
trying to convince congress to quickly approve the White House plan to bail out the nation's banks. Related bailout the whole economy. Senior national correspondent Jake Tapper reports. I am Jake Tapper on Capitol Hill at the senate banking committee today secretary of the treasury Henry Paulson and chairman of the Federal Reserve Ben Bernanke testified in favor of the bush administration's proposed 700 billion dollar plan to bail out Wall Street those it -- sunny very skeptical senators from both sides of the -- What is tragic and lament double. Is -
Webcast: Bailout Plan ; Sarah Spoof; Hurricane KyleCEOs taking the bailout . Some consolation actually more than one bail out on the table this bailout effort. But bailout isn't a word auto oil. It's not a bail out . It's a good government loan is a bail out . The 25 billion dollar Chrysler bailout of 1979. And fifteen
Congressional leaders have taken the treasury secretary's original three page Wall Street bailout proposal. And turned it into a 110 page bill that they hope will avert a total economic meltdown. But the deal faces strong opposition on Capitol Hill when it comes up for debate later today. Assuming the deal passes the big question is will the bailout work at all. Under the compromise hundreds of billions of dollars worth of mortgages some of that bank busters will be boughtwant to. What's making Americans especially angry about the huge Wall Street bailout . Is that while small businesses are starving for loans and ordinary Americans are cutting their budgets. Some of the people blamed forthe next order. There will be salary caps for CEOs taking the bailout . Some consolation for tax payers. But of little value to Lorraine had consent. Gigi stone ABC news New York. There is actually more than one bail out on the table this weekend with -- very little fanfare congress approved a 25 billion dollar rescue plan for the auto companies. -
Auto Bailout Bill Failsfor the loans to the car companies. This is a huge proposed bail out and I fear it's just the down payment on more to come. Next to be a pleasant site. The last sliver of hope for Detroit bailout rests with the White House. Which could decide to use some
to be a pleasant site. The last sliver of hope for Detroit bailout rests with the White House. Which could decide to use some of that 700 billion dollars set aside to rescue the financial -
Steering the Auto Industry Bailoutelect said today that He supports the bail out of the nation's auto industry He also Barack Obama threw his support behind a bailout for the Big Three. I think that congress view the still needs to be voted on by a bailout congress. And hearings last week showed
The president elect said today that He supports the bail out of the nation's auto industry He also said. Congress is right to demand the automakers make some potentially painful changes in exchange for the cash. The big vote is expected this weekend ABC's John Karl. Is on the story. With the auto industry on the brink of meltdown today president elect Barack Obama threw his support behind a bailout for the Big Three. I think that congress is doing the exact right thing by. It's asking. For. A conditions based. Assistancemy view the -- still needs to be voted on by a bailout -- congress. And hearings last week showed that the rank and file are more skeptical about this -- their leaders He made
