Economy

Comment

Comment by CPAnet on April 13, 2010 at 12:50am

Cost of financial rescue continues to shrink - The government's effort to extend aid to the financial industry, including Fannie Mae and Freddie Mac, appears to be much less expensive than previously thought. Officials at the Treasury Department estimated that the tab would equal about $89 billion. The figure includes the Troubled Asset Relief Program, loan guarantees by the Federal Housing Administration, and the Federal Reserve's effort to bolster the commercial-paper market and buy mortgage-backed securities.
http://online.wsj.com/article/SB10001424052702304846504575177950029...

Comment by CPAnet on April 13, 2010 at 12:48am

Panel of economists is uncertain whether U.S. recession has ended
A committee of economists responsible for ruling on when recessions begin and end is expected to announce that it cannot decide whether the U.S. recession that began December 2007 is over, several panel members said. The severity and length of the downturn have made it unusually difficult for the committee to rule with confidence, they said.
http://www.nytimes.com/2010/04/12/business/economy/12recession.html?hp