Stories tagged: bailout
Mon., Jan. 15, 2018, 11:39 a.m.
Greeks face more pain, protests as bailout nears end
Greek lawmakers, eying the end of eight years of bailout programs, approved more austerity measures late Monday, as strikes and mass protests brought much of Athens to a standstill.
UPDATED: Thu., Nov. 16, 2017, 10:06 p.m.
EU: Greece bailout planners failed to anticipate recession
Auditors from the European Union’s executive Commission say massive bailout programs for Greece were not properly planned and failed to anticipate the recessionary effect of austerity measures.
UPDATED: Mon., Oct. 23, 2017, 4:56 p.m.
Greece aims for quick austerity review as bailout end nears
Bailout negotiators have returned to Greece to try and reach a deal by the end of the year on the terms for the next loan payout, as the debt-plagued country …
UPDATED: Wed., Oct. 4, 2017, 3:36 p.m.
Puerto Rico bonds sink; White House says no debt bailout
President Donald Trump helped sink Puerto Rican bond prices with talk of wiping out the U.S. territory’s debt but his budget director dismissed the idea of a bailout Wednesday as …
Mon., June 12, 2017, 11:11 a.m.
Greece puts faith in France to solve bailout impasse
France’s finance minister says Greece is on course to reach a crucial funding deal with bailout lenders this week.
Tue., Feb. 14, 2017
Robert J. Samuelson: Dodd-Frank cripples next response
The real Dodd-Frank scandal is that this misinterpretation of events, widely embraced by both parties, has been allowed to stand.
Mon., Dec. 5, 2016, 12:50 p.m.
Greece gets some short-term debt relief from eurozone
Greece’s creditors in the 19-country eurozone have agreed to give the cash-strapped country some short-term debt relief even though they remain to be convinced that the Greek government has delivered …
Mon., Nov. 21, 2016, 11:45 a.m.
Greece sticks with high growth target in 2017 budget
The Greek government says the country’s economy is set to grow a decade-high rate of 2.7 percent next year despite maintaining high taxes linked to international bailout agreements.
Tue., Aug. 2, 2016, 2:30 p.m.
Freddie Mac posts $993M profit in 2Q; paying $933M dividend
Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.
Thu., June 30, 2016, 3:22 p.m.
Puerto Rico crisis enters new phase as Obama signs debt bill
Puerto Rico’s fiscal crisis reached a turning point as President Barack Obama signed bipartisan legislation Thursday that allows the island to escape from debts Wall Street once viewed as ironclad.
Tue., June 21, 2016, 7:07 p.m.
Michigan governor signs $617 million Detroit schools bailout
Michigan’s governor signed a $617 million bailout and restructuring plan for Detroit’s public schools on Tuesday, two years after the state committed money to help end the city’s bankruptcy.
Mon., May 9, 2016, 1:30 p.m.
Euro countries hold first talks on Greek debt measures
European finance ministers on Monday debated for the first time measures to ease Greece’s massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks.
Mon., May 2, 2016, 10:59 a.m.
Puerto Rico skips bond payments, says Congress must help
Puerto Rican officials say the island’s default on a $422 million bond payment is only the beginning if the U.S. Congress doesn’t help resolve the situation soon.
Sat., Sept. 15, 2012
Sizing up TARP: In Lilac City, a Sterling example
Bailout has become a dirty word. Like most dirty words, it has migrated a long way from any actual meaning and become a verbal cudgel. It might be useful to …
Thu., Jan. 26, 2012
Sterling posts $39 million profit
Sterling Financial Corp. earned a $39.1 million profit in 2011, continuing its turnaround from near-collapse during the height of the nation’s financial crisis. According to financial reports released Wednesday, Sterling’s …
Tue., Dec. 6, 2011
House passes event center bailout
OLYMPIA – The Washington House of Representatives passed a bill that would loan a troubled public facilities district $42 million, but only after limiting the way cities and counties involved …
Sun., May 22, 2011
Book Notes: Black set to star in film version of Walter’s ‘Poets’
Spokane novelist Jess Walter’s latest book, “The Financial Lives of the Poets,” has been picked up as a movie vehicle for Jack Black, retitled “Bailout.” This news came out of …
Fri., Feb. 18, 2011
Shawn Vestal: ‘Loan mods’ leave Main Street crumbling
In April 2009, a Kootenai County homeowner struggling to pay the mortgage got a letter encouraging enrollment in a federal program meant to help people avoid foreclosure. The homeowner called …
Fri., Dec. 10, 2010, 4:26 a.m.
Treasury: Financial bailout income at $35 billion
The government’s heavily criticized $700 billion financial rescue program has earned nearly $35 billion in income over the past two years, according to data obtained by The Associated Press.
Fri., July 2, 2010
Goldman: Firm has no regrets
WASHINGTON – A Goldman Sachs executive told an inquiry panel Thursday that the firm had no regrets about collecting billions of dollars in taxpayer money for correctly predicting the demise …
Thu., April 15, 2010
Debate hinges on bailouts
WASHINGTON – The White House and congressional Republicans sparred Wednesday over how to protect taxpayers against “too big to fail” financial institutions, sharply disagreeing on whether legislation backed by President …
Fri., Dec. 11, 2009
Small businesses at heart of latest bailout money plans
WASHINGTON – The Obama administration plans to channel money from the government’s massive financial bailout program to small businesses as part of an effort to limit the political and economic …
Wed., Dec. 9, 2009, 8:17 a.m.
Geithner: bailout program extended to October
Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government’s financial bailout program until next fall, saying it’s needed to protect against fresh economic shocks.
Tue., Dec. 8, 2009
Obama turns to leftover bailout funds for jobs help
WASHINGTON – Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a newly available pot of money left over from the government’s bank …
Fri., Dec. 4, 2009
Democrats may tap bailout funds for jobs
WASHINGTON – Democrats are looking to tap as much as $70 billion in unused funds from the Wall Street bailout to pay for new spending on roads and bridges and …
Thu., Oct. 22, 2009
Executive pay targeted
WASHINGTON – The Obama administration plans to significantly cut the pay of executives at the seven companies that have received the most bailout money, reacting to a growing outcry about …
Mon., Sept. 14, 2009, 9:35 a.m.
Obama touts Wall Street changes
President Barack Obama sternly warned Wall Street on Monday against returning to the sort of reckless and unchecked behavior that threatened the nation with a second Great Depression.
Tue., Sept. 1, 2009
Bailout’s bottom line
WASHINGTON – A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest …
Wed., April 1, 2009
Obama lashes out at AIG’s ‘recklessness’
WASHINGTON – Joining a wave of public anger, President Barack Obama blistered insurance giant American International Group for “recklessness and greed” Monday and pledged to try to block it from …
Mon., March 30, 2009, 9:08 a.m.
White House questions viability of GM, Chrysler
President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved.