Geithner: bailout program extended to October - Spokane, North Idaho News & Weather KHQ.com

Geithner: bailout program extended to October

  • Also on KHQ.comMore>>

  • New study reveals details of executive compensation

    New study reveals details of executive compensation

    Richard Fuld walked away from a bankrupt Lehman Brothers with $541 millionRichard Fuld walked away from a bankrupt Lehman Brothers with $541 million
    WASHINGTON. - Critics of executive pay have more reason to be angry.>>
    WASHINGTON. - Critics of executive pay have more reason to be angry. A new study has found that executives at two firms - Lehman Brothers and Bear Stearns - walked away with huge payouts even as their shareholders were losing almost everything. In the new study, 'Wages of Failure,' experts at Harvard Law School found that top executives of the two companies came out just fine.>>
  • Watchdog: Gov't may have overpaid to bail out AIG

    Watchdog: Gov't may have overpaid to bail out AIG

    WASHINGTON. - A government watchdog is raising questions about the way officials handled the multibillion dollar bailout of insurance giant American International Group Inc.>>
    WASHINGTON. - A government watchdog is raising questions about the way officials handled the multibillion dollar bailout of insurance giant American International Group Inc.>>
  • INSIDE>> Vote | Should pay be regulated?

    Administration, Congress seek to rein in exec pay

    Administration, Congress seek to rein in exec pay

    Thursday, June 11 2009 5:27 PM EDT2009-06-11 21:27:10 GMT
    WASHINGTON. - Some Democratic lawmakers are saying the Obama administration's approach to reducing executive compensation doesn't go far enough.>>
    WASHINGTON. - Some Democratic lawmakers are saying the Obama administration's approach to reducing executive compensation doesn't go far enough. The administration rejects direct intervention in corporate pay decisions and plans to seek legislation that would try to rein-in compensation at publicly traded companies through shareholder votes. Republicans say the administration's plan goes too far and 'we need to get government out of businesses.'>>

WASHINGTON. - Treasury Secretary Timothy Geithner says the administration is extending the financial bailout program until next fall.
     
In a letter to House and Senate leaders, Geithner says the extension is "necessary to assist American families and stabilize financial markets."
     
Money from the $700 billion taxpayer-funded bailout program has helped rescue big Wall Street firms, auto companies and others. That's angered many Americans, who feel the government hasn't provided them with relief from high unemployment and rising home foreclosures.
     
Geithner says the program will be extended until Oct. 3, 2010.

Story continues below...

U.S. Treasury Secretary Timothy Geithner

Bailout watchdog: Crisis response worked, somewhat

A watchdog panel says the government's $700 billion bailout of the financial system helped prevent an all-out panic last fall. The group, however, is giving the program mixed reviews.
     
The panel says the bailouts didn't address every concern Congress laid out and it pointed to ongoing problems in the financial system. Among those problems: limited credit, ongoing bank failures, escalating job losses and foreclosures.

The sole Republican on the panel voted against the report. Congressman Jeb Hensarling of Texas said the bailout failed its mandate. He says it didn't help the foreclosure crisis and, in his words, it "politicized decisions that should have been purely economic."

  • Most Popular StoriesMost Popular StoriesMore>>

  • Wet spring brings black flies out in force in the Inland Northwest

    Wet spring brings black flies out in force in the Inland Northwest

    Thursday, May 25 2017 2:20 AM EDT2017-05-25 06:20:21 GMT

    SPOKANE, Wash. - Nothing beats being outside in this great weather right now, but this wet spring has brought a lot of pests. We’ve been talking about wasps and ticks, but black flies are coming out in force too. Jenny Zhang says she’s noticed black flies a lot more in her neighborhood. Her 2-year-old son Liam was bitten.  “Actually, when he got bit he thought it was a bumblebee and then he was afraid of them,” she says. The bites 

    >>

    SPOKANE, Wash. - Nothing beats being outside in this great weather right now, but this wet spring has brought a lot of pests. We’ve been talking about wasps and ticks, but black flies are coming out in force too. Jenny Zhang says she’s noticed black flies a lot more in her neighborhood. Her 2-year-old son Liam was bitten.  “Actually, when he got bit he thought it was a bumblebee and then he was afraid of them,” she says. The bites 

    >>
  • Grant Co. Sheriff's Office: At least 3 dead, 8 injured in mass casualty crash south of George

    Thursday, May 25 2017 11:42 AM EDT2017-05-25 15:42:13 GMT

    GEORGE, Wash. - At least three people are dead in a mass casualty crash in Grant County and at least 8 other people are injured, some seriously. The crash happened around 5am Thursday morning at Adams Rd. South and Frenchman Hills Rd. which is just S. of Quincy and W. of Vantage, WA. Adams Road South will be closed at that intersection for most of the day.

    >>

    GEORGE, Wash. - At least three people are dead in a mass casualty crash in Grant County and at least 8 other people are injured, some seriously. The crash happened around 5am Thursday morning at Adams Rd. South and Frenchman Hills Rd. which is just S. of Quincy and W. of Vantage, WA. Adams Road South will be closed at that intersection for most of the day.

    >>
  • PHOTOS: Guns, drugs and money found in Spokane Valley motel room bust

    PHOTOS: Guns, drugs and money found in Spokane Valley motel room bust

    Wednesday, May 24 2017 11:15 PM EDT2017-05-25 03:15:29 GMT

    SPOKANE VALLEY, Wash. - Two men have been arrested and charged with a total of 26 felony and misdemeanor drug charges following a months-long investigation that led to a Spokane Valley motel.  Last week, detectives executed a search warrant at a room at the Motel 6 just off of I-90 and Argonne in Spokane Valley. 

    >>

    SPOKANE VALLEY, Wash. - Two men have been arrested and charged with a total of 26 felony and misdemeanor drug charges following a months-long investigation that led to a Spokane Valley motel.  Last week, detectives executed a search warrant at a room at the Motel 6 just off of I-90 and Argonne in Spokane Valley. 

    >>
HD DOPPLER 6i
/