Geithner Extends Bailout Program Through October 2010
Treasury Secretary Tim Geithner told Congress the government will extend the Troubled Asset Relief Program to Oct 3, 2010, to shield against shocks and support families and markets. He cited limited new commitments to three areas including foreclosures, small banks, and consumer lending.
MENTIONED IN THIS ARTICLE
Washington, D.C
Treasury
Timothy Geithner
Congress
House
Senate
Geithner
Wall Street
Auto
House votes to extend $31B in expiring tax breaks
The House approved a one year extension of 45 tax deductions and credits, totaling $31 billion, financed partly by a $24.6 billion tax hike on investment fund managers. The measure, 241-181, moves to the Senate which has opposed such increases.
MENTIONED IN THIS ARTICLE
House
Washington, D.C
Wall Street
Senate
October wholesale inventories rise eases declines
Wholesale inventories increased 0.3 percent in October, beating expectations and ending a 13 month streak of declines. Sales rose 1.2 percent, the seventh straight monthly gain, signaling restocking that could support the ongoing economic recovery despite consumer spending risks.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
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