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Papandreou Gives EU One Week to Seal Aid Plan as Germany Pushes IMF Option Greek Prime Minister George
Papandreou set a one-week deadline for the European Union to
craft a financial aid mechanism for Greece, challenging Germany
to give up its doubts about a rescue package.
Consumer Prices, Leading Index Point to U.S. Expansion Without Inflation The U.S. economy will keep
expanding without a pickup in inflation that would require the
Federal Reserve to raise interest rates, reports today
indicated.
Most U.S. Stocks Retreat on Speculation Fed Will Increase Discount Rate Most U.S. stocks fell, pulling the
Standard & Poor’s 500 Index down from a 17-month high, and the
dollar rose on speculation the Federal Reserve will increase the
discount rate it charges on loans to banks.
El-Erian Says IMF Will Assist Greece Following `Game of Chicken' in Europe The International Monetary Fund
will come to the rescue of debt-strapped Greece after a “game
of chicken,” according to Mohamed El-Erian, co-chief investment
officer at Pacific Investment Management Co.
`Build America' Sales Halted in Florida on Concern IRS to Block Subsidies Florida temporarily suspended the
sale of Build America Bonds because it is concerned that the
U.S. Internal Revenue Service may withhold interest-cost
subsidies available through the federal program, according to Ben
Watkins, who oversees the state’s debt sales.
CIT's Thain Will Exclude Aircraft Finance From Asset Sales, Executive Says CIT Group Inc., the commercial
lender being restructured by Chief Executive Officer John A.
Thain, will retain its aircraft finance unit during the coming
round of asset sales, an executive told an industry gathering.
European Money Market Recovers as Interbank Repos Swell to $7.6 Trillion The European repurchase market grew
between June and December, showing an improvement in interbank
lending as central banks prepare to withdraw liquidity measures,
the International Capital Market Association said.
Health-Care Bill Said to Add 3.8% Medicare Tax on U.S. Investment Income Congressional leaders are raising
to 3.8 percent their proposed new Medicare tax on investment
income in the final health-care overhaul plan, a Democratic
leadership aide said.
Illinois Bypassed in Obama Campaign Visits as Democrats Confront Scandals President Barack Obama has
campaigned for embattled Democrats this year in Massachusetts,
Colorado and Nevada. There’s one trouble spot he’s so far stayed
away from: his adopted home state of Illinois.
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