Tag Archives: US Treasury

Sales Decrease As Layoffs Increase

Federal Reserve policy makers yesterday said they will hold the benchmark interest rate “exceptionally low” for an “extended period” to help sustain a recovery. They also added “sluggish income growth” to the list of reasons why household spending is likely to be slow to rebound. Headwinds previously mentioned included job losses, tight credit and falling home values.

Obama’s Plan For Cheap Tylenol

Today, President Barack Obama sent Congress his proposal for reining in over-the-counter medications, including restrictions on municipalities and small investors seeking to trade in the drug industry which is worth over $592 millon.

GM To Sell On eBay!!!

On Monday, GM announced that they will offer cars from California Chevrolet, Buick, GMC and Pontiac dealers through Ebay auctions.

Education Stimulus To Be Announced Shortly

As one round of stimulus money reaches school districts, President Obama is planning to announce the next step in education reform — in the form of a $4.35 billion dollar stimulus package. This will be the largest federal investment in school reform in the United States, according to the Department of Education.

The Future Of GM: Government Motors

Well folks, the day has finally arrived: GM has declared a Chapter 11 bankruptcy. Before we elaborate on that matter, I’d like to clear up a little misinformation from the last post. The US Government doesn’t own 72.5% of GM — it owns 60% and the Canadian government owns 12%.

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