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The same day, CNN reported these worldwide stock market events: Britain's FTSE 100 Index was down 7.9%; Germany's DAX down 7.1%; France's CAC 40 dropping 9%; in Russia, trading in shares was suspended after the RTS stock index fell more than 20%; Iceland halted trading in six bank stocks while the government drafted a crisis plan. [20]
With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...
Senate passes funding bill, now headed to Biden. Congress reached a bipartisan, last-minute agreement to keep the government running 38 minutes after a midnight deadline for a partial shutdown ...
Government food assistance benefits will also be delayed and national parks will temporarily close. The last time there was a holiday shutdown was also the last time there was any government shutdown.
In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
History of government bailouts. To better understand the bank bailouts of 2023, we take a look back in history at what has led us to this point. 2007-2008 financial crisis.
For a summary of U.S. government financial commitments and investments related to the crisis, see CNN – Bailout Scorecard. In the U.S. during late 2008 and early 2009, President Bush's $700 billion Troubled Asset Relief Program (TARP) was used to re-capitalize ailing banks through the investment of taxpayer funds.