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Message to Russian oligarchs: Your money's just as safe at home
It’s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in...
Tags: Real Estate Sellers, Criminals, Vladimir Putin, Brookings Institution, Cyprus
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Cyprus scrambles to put together bailout package
ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...
Tags: Religion and Belief, Cyprus, International Monetary Fund, Russia, Elections
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The Cyprus confusion
WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...Tags: Brookings Institution, Gross Domestic Product, Cyprus, Banking, International Monetary Fund
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Cyprus postpones vote on controversial bailout package
ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government...
Tags: Big 3 Auto Bailout (2008), Cyprus, International Monetary Fund, West Bank, Barack Obama
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Treasury starts selling remaining General Motors stock
WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year. Last month, the Treasury sold about $156.4 million worth of its...
Tags: Manufacturing and Engineering, General Motors Corp., Automotive Equipment, U.S. Department of the Treasury
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Somerset County municipalities learn how to apply for disaster relief funds
Daily American Staff WriterAlthough Hurricane Sandy's devastation was mild in Somerset County compared with the storm-ravaged Eastern Seaboard, federal assistance appears to be on the way for several local municipalities and agencies. Representatives from 12 local...Tags: Somerset County (Pennsylvania), FEMA, Tom Corbett, Hurricane Sandy (2012)
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Sandy relief package swells aid for past disasters
WASHINGTON (AP) — Conservatives and watchdog groups are mounting a "not-so-fast" campaign against a $50.7 billion Superstorm Sandy aid package that Northeastern governors and lawmakers hope to push through the House this coming week. Their...
Tags: Manhattan (New York City), U.S. Department of Housing and Urban Development, U.S. House Committee on Appropriations, Republican Party, FEMA
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Congress approves additional Sandy aid
In a move that will help some 800 Maryland families affected by the effects of Hurricane Sandy, Congress approved $10 billion in emergency funding Friday for the federal flood insurance program. The hastily scheduled votes came in response to criticism...
Tags: Parties and Movements, Somerset County (Maryland), Republican Party, U.S. House of Representatives, U.S. Senate
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Our Laguna: 2012 was a year of change
The top 10 stories of 2011 included limitations on skateboarders; an arrest for alleged rapes and sexual assaults; flood recovery; Marine Life Protection Act implementation delay in Laguna; the Heisler Park renovation; the Resource Center pulling out from...Tags: Museums, Religious Events, U.S. House of Representatives, Murder, Highway Transportation
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Sale of last AIG shares brings U.S. bailout profit to $22.7 billion
WASHINGTON -- The Treasury Department said Tuesday it would raise $7.6 billion in the sale of its final shares of American International Group, ending the controversial bailout of the insurance giant with a $22.7-billion profit. The department agreed to...
Tags: Ben Bernanke, U.S. Congress, Finance, U.S. Department of the Treasury, Federal Reserve
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Sandy aid proposal would include more for Maryland
A $60 billion emergency spending bill that would provide federal aid to states still recovering from Hurricane Sandy would guarantee additional money for Maryland and subtly change the way administration officials determine eligibility for disaster relief...
Tags: John McCain, U.S. Department of Housing and Urban Development, Republican Party, FEMA, Martin O'Malley
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Casey urges Hurricane Sandy aid for Pennsylvania
Call Washington BureauDemocrat Bob Casey urged a federal emergency official to reimburse Pennsylvania for the state's Hurricane Sandy preparations on Wednesday and Republican Pat Toomey is pushing back against a $60.4 billion aid bill he says is excessive. To be sure, Toomey...Tags: Parties and Movements, The Philadelphia Inquirer, Republican Party, FEMA, Natural Disasters
Mar 27, 2013
|Story| Los Angeles Times
Mar 22, 2013
|Story| Los Angeles Times
Mar 20, 2013
|Column| Orlando Sentinel
Mar 17, 2013
|Story| Los Angeles Times
Feb 25, 2013
|Story| Los Angeles Times
Jan 24, 2013
|Story| Daily American
Jan 12, 2013
|Story| Petoskey News
Jan 4, 2013
|Story| Baltimore Sun
Jan 3, 2013
|Story| Coastline Pilot
Dec 11, 2012
|Story| Los Angeles Times
Dec 19, 2012
|Story| Baltimore Sun
Dec 19, 2012
|Story| Allentown Morning Call
Original site for Federal Bailout Funds topic gallery.