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States and Cities Look for Signs of a Thaw in the Credit Freeze
When Governor Arnold Schwarzenegger announced that California might have to go to the Federal Government for a $7 billion loan to fund its daily operations, it was the most dramatic display yet of how state and local governments are being buffeted by the deterioration in credit markets. With few willing buyers of municipal securities, Massachusetts twice shelved plans to float $750 million worth of short-term notes used for paying its bills. And across the country, dozens of other funding deals for longer-term projects, from road repair to school expansion, have been delayed.
Nations:U.S. People:Arnold Schwarzenegger Activities:2007 Global Credit Crunch
2008-10-09
Schwarzenegger to candidates: Get back to issues
Republican Gov. Arnold Schwarzenegger said Tuesday that the presidential candidates should end the smear campaigns and get back to the issues.
Nations:U.S. People:Sarah Palin Barack Obama John McCain Arnold Schwarzenegger Activities:US Election 2008 Source:(AP)
2008-10-07
Will $700 billion bailout unfreeze credit markets?
WASHINGTON - Getting the financial rescue through Congress may have been the easy part. Getting it to work may prove the tougher task.
Nations:U.S. People:John Boehner Henry Paulson Nancy Pelosi Barack Obama John McCain Arnold Schwarzenegger Activities:2008 U.S. Financial Rescue
2008-10-05
It's wait and see after Bush signs rescue plan
WASHINGTON - After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the financial industry and the economy at large from an unthinkable free fall. Now, the world holds its breath, seeing if it will work.
Nations:U.S. People:John Boehner Henry Paulson Nancy Pelosi Barack Obama John McCain Arnold Schwarzenegger Activities:2008 U.S. Financial Rescue Bush Admin.
2008-10-04
Credit markets to Washington: Bailout isn't enough
NEW YORK - The credit markets finally got a bailout bill, but the stranglehold hasn't let up -- a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
Nations:U.S. People:Arnold Schwarzenegger Activities:2008 U.S. Financial Rescue Lehman Brothers Bankruptcy Source:(AP)
2008-10-03
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