Treasury Secretary Timothy Geithner’s $2.5 trillion bailout plan would create a public-private fund to buy up hard-to-sell assets from banks, inject more capital into banks and use Treasury and Fed money to finance up to $1 trillion in assets backed by consumer, auto and small business loans...
President Obama, writing in The Washington Post, said, “By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression.”...
WHILE the US, Australia and Japan spray cash in every direction to stimulate their economies, New Zealand has a novel idea: Why not grow one's way out of recession?...
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.