Results tagged “wall street” from Torch Leader News

In Indianapolis, the Crescent Project, which teaches Christians how to reach out to Muslims, has launched a podcast and sends training videos by e-mail to cut printing and shipping costs.

The city's former mayor is serving a four-month jail sentence. Its deficit could top $200 million. Hundreds of layoffs are planned. And Detroit's municipal bonds are now at junk status.

A trio of reports due Tuesday are expected to paint a bleak picture of the nation's housing market and the broader economy, as the deepening recession sends more companies lining up for a piece of the government's $700 billion bailout fund.

Top Obama economic advisor Lawrence Summer is the consummate Wall Street, and yes another Clinton insider. His resume reads like a mini telephone book on the list of posts he's held in and out of every financial and government monetary agency imaginable.

Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office.

President-elect Barack Obama is expected to tap New York Federal Reserve President Timothy Geithner as Treasury secretary on Monday, sources say.

The Treasury Department on Wednesday officially abandoned the original strategy behind its $700 billion effort to rescue the financial system, as administration officials acknowledged that banks and financial institutions were as unwilling as ever to lend to consumers.