Treasury to approve insurers for TARP funds

Some insurance companies recently received approval to acquire banks, paving the way for them to participate in the government's $250 billion capital injection program, which is part of the larger bailout fund…

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Source: breitbart

Is government spending too easy an answer?

When the Obama administration finally unveils its proposal to get the U.S. economy on the road to recovery, the centerpiece is likely to be a huge increase in government spending. But there are ample reasons to doubt whether this is what the economy needs....

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Source: international herald tribune

General Motors gets first tranche of US loan

"The treasury today finalized the loan transaction for GM and funded the first tranche of $4 billion,'' said Treasury spokeswoman Brookly McLaughlin in a written statement.


The funds are the first portion of $9.4 billion in low-cost loans that GM is expected to receive from the government…..

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