Global leaders optimistic on recovery amid Greek crisis
Washington AP reports G-20 finance chiefs affirmed global recovery from the worst recession, crediting stimulus while not directly addressing Greece. Geithner and Bernanke highlighted improvements since last year, with plans to refine financial regulations and back IMF efforts as Greece seeks emergency aid.
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Geithner lowers bailout cost estimate to 87 billion
Treasury secretary Tim Geithner told Congress the final cost of the TARP rescue could be as low as 87 billion, down from earlier fears of up to 500 billion. He cites Fannie Mae and Freddie Mac losses near 85 billion and 49 billion for homeowners relief, with offsets from Fed earnings and other supports.
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RPD recovers Gun Stolen From APD In City
Police recovered a firearm reported stolen from Albuquerque Police Department after responding to a party call in the 600 block of South Michigan Avenue. In a separate incident, officers investigated a suspected BB gun discharge at a residence on West Fourth Street. a back window was shot out of a vehicle, an SUV was seen fleeing, and damage was about $400. Call Crime Stoppers with tips at 624-6513 or 1-888-594-TIPS for anonymity and rewards.
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Roswell Fire Death Ruled Non Homicide
Police say a 54 year old Roswell man died from the fire in a shed at 405 S Missouri Ave after midnight. Preliminary autopsy indicates fire caused the death. A resident identified the victim as Charles Terry and firearm shots were ruled out as gunplay.
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