The government unveiled a bold plan Sunday to rescue Citigroup, injecting a fresh $20 billion into the troubled firm as well as guaranteeing hundreds of billions of dollars in risky assets.
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Citi to get an Additional $20 Billion in Fed bailouB
Is Another Interest Rate Cut By The Federal Reserve Possible?
Investors are hoping the Federal Reserve will make another interest rate cut in their upcoming meeting. Randall Pinkston reports on a meeting that could produce a much needed confidence boost. See Video
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Federal Reserve Ready To Aid Economy To Avert Recession
Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert a recession. He says such a plan should be quickly implemented and temporary so that it won't complicate longer-term fiscal challenges. See Video
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