Nov 6th, 2009 - Bloomberg
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Nov. 6 (Bloomberg) -- U.S. consumer credit fell inSeptember for an eighth straight month, the longest series ofdeclines on record, as thousands of Americans lost their jobsand banks tightened access to loans.
Borrowing fell more than economists predicted, declining by$14.8 billion, or 7.2 percent at an annual rate, to $2.46trillion, according to a Federal Reserve report released todayin Washington. Credit dropped by $9.86 billion in August, lessthan previously estimated. The consecutive declines were themost since records began in 1943.
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Dollar Falls as Job Losses Anchor Fed's Pledge to Keep Rate Low
Nov 7th, 2009 - Bloomberg
Nov. 7 (Bloomberg) -- The dollar fell against the euro onspeculation the Federal Reserve will keep borrowing costs nearzero into next year after the U.S. unemployment rate exceeded 10percent for the first time since 1983.
US jobless rate hits 10.2 percent
Nov 6th, 2009 - MiamiHerald
The national unemployment rate surpassed 10 percent for the first time since 1983, the government reported Friday, and is likely to go higher, giving greater urgency to...
Obama evoked the ghost of Reagan but only gets his unemployment nightmare
Nov 6th, 2009 - The Seattle Times
Top of the News: During last year's campaign, Barack Obama angered Democrats by implying he wanted to be a transformative president like Ronald Reagan. Now he has one thing in common with Dutch: An unemployment rate of 10.2 percent...
AIG taps $2.1 bln from US for ILFC share purchase
Nov 6th, 2009 - Reuters
NEW YORK, Nov 6 (Reuters) - American International GroupInc (AIG.N) tapped the U.S. government for another $2.1 billionto buy shares of its aircraft leasing arm, International LeaseFinance Corp...
Fed to Keep Rates Low Despite Pickup
Nov 5th, 2009 - Wall Street Journal
The Federal Reserve affirmed its plan to keep interest rates "exceptionally low" for a long time despite signs of economic recovery. But the Fed began to lay rhetorical groundwork for an eventual shift in its stance...
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9:16Obama Health Care Speech Congress Sept 2009
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1:14:34President Obama Holds a Health Care Town Hall in Colorado
of this health care debate. These are ordinary Americans. They're no different from anybody else. They're working hard, they're meeting their responsibilities, but they're held hostage by health insurance companies that deny them coverage ...
