When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.
Monday 24 November 2008
The US government unveiled a bold plan to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets.
Monday 24 November 2008
Barack Obama will formally unveil his economic team in Chicago today, as he sets to work on fleshing out ambitious proposals to lift the US out of its rapidly-escalating financial crisis. Timothy Geithner has been tapped as Treasury Secretary, while Larry Summers, a treasury secretary under president Bill Clinton, will head the National Economic Council.
Monday 24 November 2008
Government officials in the US worked through the weekend on plans to shore up confidence in the future of Citigroup, the financial giant whose shares cratered last week.
Sunday 23 November 2008
Sunday 23 November 2008
Sunday 23 November 2008
Sunday 23 November 2008
Citigroup, the embattled financial giant, is taking out advertisements in major US newspapers today in an attempt to shore up customer confidence after a downward spiral in its share price raised doubts about its future.
Sunday 09 November 2008
Thursday 06 November 2008
New president Barack Obama went straight to work today appointing his new government and studying some of the problems he will inherit when he takes office in 10 weeks.
Wednesday 05 November 2008
US President-elect Barack Obama has no time to waste and two wars and a deepening financial crisis have raised expectations that he will quickly announce picks for senior government jobs after winning the presidential election.
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