Retiring Senator George Voinovich will break ranks with fellow Republicans and provide the crucial 60th vote needed in the Senate to pass President Barack Obama's small business lending package, an aide said on Friday.
Retiring Senator George Voinovich will break ranks with fellow Senate Republicans and back President Barack Obama on a $30 billion small business lending proposal, an aide said on Friday.
Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said 25 billion euros ($32 billion) is a “pretty good estimate” of the total bailout cost for the bank.
Pittsburgh union leaders had cordial meetings with Mayor Luke Ravenstahl and members of Pittsburgh City Council Thursday on the mayor's parking privatization plan, even as worries rumbled through their ranks about the threat of citywide spending cuts and layoffs if the deal is not approved.
One of the lesser-known stories of the Obama Administration's auto bailout is how close Chrysler came close to following the fate of Lehman Brothers and being allowed to fail.
Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.
Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds and bank shares.
The mounting cost of a giant bank bailout is pushing Ireland perilously close to sovereign debt crisis territory.
Irish Finance Minister Brian Lenihan’s plan for “finality” on the cost of bailing out Anglo Irish Bank Corp. has left one question alive: The cost.
The final cost of the Government’s plan to split Anglo Irish Bank into two entities and wind them down or sell them will be known within weeks, Minister for Finance Brian Lenihan said this morning.