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Shares in UK’s Lloyds hit government break-even price
LONDON (Reuters) – Shares in state-backed Lloyds Banking Group rose above the level which the government sees as its break-even price after its 20.5 billion pound ($ 31.4 billion) rescue of the bank,…
This accounting tweak by Fannie Mae and Freddie Mac will mean $60 billion for the U.S. government
Here’s a little Washington tale only an accountant could love — or a new Treasury secretary about to run up against the debt ceiling. The story begins in 2008 when the Bush Treasury declared that Fannie Mae and Freddie Mac, … Continue reading
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Tagged accounting, billion, Fannie, Freddie, government, mean, this, tweak, U.S.
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Italy’s Letta government begins life in climate of crisis
ROME (Reuters) – New Italian Prime Minister Enrico Letta will seek the backing of parliament in a confidence vote on Monday, facing severe political and economic problems that will test the solidity of his coalition government in the months ahead.
Icelanders oust government over austerity program
REYKJAVIK (Reuters) – Fatigued by years of austerity and swayed by promises of debt relief, Icelandic voters dumped the Social Democrats from power on Saturday, returning a center-right government that ruled over its stunning financial collapse just five years ago.
U.S. government, Fisker grilled over loans to green carmaker
(Reuters) – Taxpayer-backed funds kept flowing to electric carmaker Fisker Automotive months after the company failed to meet key production benchmarks, lawmakers said at a congressional hearing on Wednesday.
Posted in Hot trends
Tagged carmaker, Fisker, government, green, grilled, Loans, over, U.S.
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Public pensions risks vary widely for local government: Fitch
(Reuters) – Fitch Ratings said on Monday that local government pension liabilities vary largely for the more than 1,000 local governments it rates, and in some cases it expects the underfunded retirement systems will become a “source of budgetary pressure.”
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Tagged fitch, government, local, pensions, public, risks, vary, widely
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IMF, citing $1.9 trillion in government subsidies, calls for levies to curb use
Governments around the world subsidize gasoline, electricity and other major forms of energy to the tune of $ 1.9 trillion a year according to a new International Monetary Fund study that calls for that amount to be offset through carbon taxes … Continue reading
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Tagged $1.9, calls, citing, curb, government, levies, subsidies, Trillion
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Government loses Abu Qatada appeal
Home Secretary Theresa May loses her appeal against a ruling preventing the deportation of radical cleric Abu Qatada.
House approves funding bill to avert government shutdown
WASHINGTON (Reuters) – The House of Representatives on Thursday approved a Senate-passed bill to avert a government shutdown next week that also provides the military and some domestic agencies more flexibility in dealing with $ 85 billion in automatic spending … Continue reading
Congress moves one step closer to avoiding a government shutdown
The Senate passed a short-term budget measure this afternoon to fund the government beyond March 27, which would avert a government shutdown but keep most of the budget cuts under sequestration in place. Read full article >>