Latest Henry Paulson Stories
House Speaker Nancy Pelosi said releasing the second half of the $700 billion federal bailout could wait until concrete plans to help homeowners are in place. Pelosi said she had asked Chairman of the House Financial Services Committee Barney Frank to draft a bill that would insist that the provision of the law (to help homeowners) be honored before we release any more funds, The Washington Post reported Tuesday. Congress has released the first $350 billion, of which about $15 billion is...
'Thousands of steel, rubber, glass, auto parts and mine workers impacted too' WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- Leo W. Gerard, President of the United Steelworkers (USW), condemned Thursday night's U.S.
Treasury Secretary Henry Paulson Jr., speaking in Beijing Thursday praised the accomplishments of the U.S.-China Strategic Economic Dialogue. Paulson said during a period of trade tension between the two nations, the talks have helped us manage difficult trade and investment issues by avoiding harmful and counterproductive market-closing initiatives." He said this week's meeting will seek to reach substantive short- to long-term agreements in electricity generation, transportation, clean...
One of three oversight mechanisms for the $700 billion Emergency Economic Stability Act is scheduled kick into action in Washington. The Government Accountability Office will give Congress the first of its bimonthly reports on the bailout's progress Tuesday, CNNMoney reported. U.S.
Student advocacy groups warned U.S. Treasury Secretary Henry Paulson Jr. that a new program to support private student loans could hurt borrowers. Several groups, including Consumers Union, the U.S.
The U.S. Federal Reserve Board said Tuesday it would create a new program to help investors purchase credit card, student, and auto-loan backed securities. Under the Term Asset-Backed Securities Loan Facility, or TALF, the Federal Reserve Bank of New York will lend up to $200 billion to investors.
Senate approval of a new bailout package for U.S. automakers appeared unlikely, even after Detroit's top executives personally pleaded for help, senators said. Votes for what? said Sen.
U.S. Treasury Secretary Henry Paulson Jr.
The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.
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