Congress seeks to strip AIG bonuses amid taxpayer outrage
Congressional Democrats vow to tax or claw back the 165 million in AIG bonuses amid bailout scrutiny. Leaders say recipients must return funds. Republicans urge tougher pressure on Treasury and Geithner. Summers says renegotiating contracts was urged. Cuomo notes 73 employees received 1 million plus.
MENTIONED IN THIS ARTICLE
Washington, D.C
AIG
Congress
Senate
Harry Reid
NYSE
Amex
At&t Inc Ry
Jpmorgch NY
Eorses
Jonnan NY
AlcatelLuc NY
Kennemy NY
KimoCik NY
Altras
LillyEti
INIVS
infTn
AmExp NY
Asburya
Nhitcre
FortuNet Cyclacel Pt
AmintiGp
FBL
BP PLC NY
MeadWvco NY
Star Pig
HMG
BeasleyBeed
BkotAm NY
Merck NY
Star Pii
PionDrill
Chindex S
Microsoft Nash
E-Trfood
Germanr
iStar Pt
Maxam
SkillSoft
Cas
MorgStan NY
Trwauto
NorfikSo NY
MuelerWat
FreStPro
CityWest
Nucor NY
Barnwell
Ind Bkm! NY
Oracle Nash
WNS Hidg
PepsiCo NY
CentHid
Pfizer
OR Cingrp
CocaCl
PhilMorn
Stn
OTE NY
Proshs&p NY
Init
Dellinc Nash
ProultFin NY
Pimco TotRelis
NovaGid G
WaccaBk
Directv Nas
ProdtGam NY
Amercan Funds CapincBuAm
Telvisté
Primaris N
DirxFinBull NY
RegionsFn
GrthAmAm LG
DirxFinBear
Roydshila NY
B&ho
RF Inds
Fidelity Contra
TanzRy G
CresentBk
Disney NY
CowidGriAm
PremFin
incAmerAm
SearsHidgs Nasd
Vanguard
FMC Corp NY
SouthnCo NY
American Funds
WA Mutinya m lV
Pscrudedi
FCIBA
EurPacGrAm
Spor Fuel NY
Vanguard Institx
DirxFinBull
Synovus NY
Dodge & Cox Stock Nv
SPOR
GenElec
BondAm
Cfcdag
US Banerp NY
ProUliFin
GranTra Gn
Ussteel NY
NewPerson In
Noa
UnvHith NY
Fidelity Divinnti d
Ishemits NY
Viacomb NY
FninvAm
iState NY
WalMart NY
Vanguard Weilin
Frank Temp
Franklin
McA
RIE
Wehdy Arby
Wells Fargo
Dodge & Cox IntiStk
Nash
Whirp
Fidelity GrowCo
Vanguard Socadm
Woo Haans
Associated Press
Morungstar
White House backs Geithner amid AIG bonus furor
The White House expresses confidence in Treasury Secretary Geithner and the Treasury's oversight as Congress weighs blocking or recouping the 165 million in AIG executive bonuses. Gibbs says Obama seeks broader reforms including financial regulation and a resolution authority to unwind systemic risks.
MENTIONED IN THIS ARTICLE
Washington, D.C
White House
Treasury
Timothy Geithner
AIG
Robert Gibbs
Barack Obama
Geithner
Treasury Department
Gibbs
Obama
Congress
American International Group Inc
Washington
Wall Street
February housing surge defies expectations with 22.2 percent rise
The Commerce Department reports February housing construction up 22.2 percent from January to a 583 000 unit annual rate, led by gains across regions except the West. The Labor Department notes wholesale prices rose 0.1 percent as food fell and energy costs rose. Wall Street rally resumes with Dow and Nasdaq posting significant gains as investors react to housing data. Analysts warn the rebound may be temporary amid ongoing housing downturn and potential foreclosures.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
Labor Department
Wall Street
U.S
Soleil Securties Group
Anna Torma
Also Mentioned on This Page
Chuck Schumer
New York
Sen
Richard Shelby
R-Ala
United States
Lawrence Summers
Resolution Authority
Andrew Cuomo
Administration
Edward Liddy
Summers
Capitol Hill
House
FED
Societe Generale
Ldmen Sachs
Merrill Lynch
Jeutsche Bank
California
N. Rapp
C. Morris
Pat Roberts
Prudential Woodside Realty
Aikensc.com
Aiken
By Martin Crutsinger
Blanchardcalhounins
Anchard Lhoun
Trance Rim
Stock Exchange
Tuesday's Market IN Review
LaBrach
Dbbgsc
MaxcomTel
Dow Jones
Naspaa