The administration is asking that a national disaster relief package include a $4.9 billion Treasury loan to the U.S. territory, atop a $150 million loan for matching funds for FEMA grants.
A week after lawmakers approved a raft of amendments to Ukraine's 2015 budget that the IMF had demanded, the fund signed off on a $17.5 billion loan that will prevent the country from going bankrupt.
Mitt Romney swipes Rick Santorum with his Senate record. President Obama proposes subsidizing energy innovators as gas shoots up 12 cents a gallon in one week. Secretary of State Hillary Clinton offers a show of support for Assad's opponents, and Greece signs loan papers.
Here we have some news that Ohio Sen Sherrod Brown believes "can unite the tea party and Occupy Wall Street" Sound implausible? Well, Bloomberg News' parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned (more).
While the International Monetary Fund has historically been an organization used by wealthy countries to assert economic dominance over the rest of the world, developing nations won a small battle Saturday as the IMF moved to increase scrutiny over its rich members, including the United States.
When big financial institutions got themselves into a serious pickle in the fall of 2008, the Federal Reserve was there with beaucoup bucks in loans to prop them up. On Tuesday, the Senate voted unanimously to launch an inquiry into the Fed's lending practices during the financial crisis.
President Obama and his allies won't have an easy time as they attempt to do some major renovations of our financial system, but according to a new Washington Post-ABC News poll, they at least have the support of the majority of Americans.