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Tag Archives: treasury

Fed pays US Treasury record $78.4B last year

WASHINGTON — The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since ...

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Fed boss Bernanke: It will take years for jobs to come back

WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Friday that there is increasing evidence that a “self-sustaining” economic recovery is taking hold, but he said the Fed’s $600 billion Treasury bond-buying program is still needed because it will take ...

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Consumer spending surge fuels 2011 economic optimism

WASHINGTON — A strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected. Retail sales are rising, boosted by the best month for ...

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Stocks, bond yields rise as Fed continues stimulus

NEW YORK — Bond prices are falling sharply after the Federal Reserve said it would continue the pace of its stimulus plan because the economy is not growing quickly enough to bring unemployment down. The yield on the benchmark 10-year ...

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House Democrats’ bill freezes most agency budgets

WASHINGTON — Democrats controlling the House are promising to freeze the budgets of most Cabinet departments while wrapping Congress’ unfinished annual spending bills into a single catchall measure. The 423-page measure, released in the wee hours Wednesday, would cap the ...

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GM launching IPO, ending government majority stake

DETROIT — General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion, ending the government’s role as majority shareholder and closing a remarkable chapter in American corporate history. The U.S. government ...

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