World-News

$4.8 trillion - Interest on U.S. debt

Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels.

http://money.cnn.com/2009/11/19/news/economy/debt_interest/



1 million jobless face benefits loss in January

Extended benefits will expire unless Congress acts. Recent extension only covers workers through Dec. 31.

http://snipurl.com/tbi28



Your congressman's padded retirement plan

Opinion polls show that Americans today have a special contempt for Congress. They might be even more upset if they knew what kind of retirement deal congressmen have given themselves at the taxpayers' expense.

http://snipurl.com/tbi2f



Bank Bonuses Surge

While many Americans will count themselves lucky to be drawing any kind of income at all this year, bonus payments will rise by 40 percent for most bankers, according to a recent survey conducted by New York-based Options Group.

http://snipurl.com/tbi2k



Restore law and split up banks

Ten years ago, the Republican-controlled Congress - egged on by that champion deregulator, former Texas Sen. Phil Gramm - passed legislation that arguably did more to plunge the United States into our crippling great recession than anything else: It repealed the Great Depression era's Glass-Steagall Act.

http://snipurl.com/tbi2r



Geithner, under fire, defends AIG bailout

U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.

http://www.reuters.com/article/newsOne/idUSTRE5AI2Z820091119


From Information Clearing House



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