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Entries for the ‘Economy’ Category

Geithner Is Said to Be Obama

Nov.23, 2008 in Economy, Financial

Financial News
Nov. 22 (Bloomberg) — President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said.
Summers, former President Bill Clinton

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Recession Probably Deepened in October: U.S. Economy Preview

Nov.23, 2008 in Economy, Recession

Financial News
Nov. 23 (Bloomberg) — The U.S. recession probably deepened as consumer spending plunged in October by the most since the 2001 downturn and businesses slashed investment, government reports may show this week.
Purchases declined 1 percent after a 0.3 percent drop the prior month, according [...]

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