US Needs Plan to Tame Debt Soon, Experts Say

By Andy Sullivan

The U.S. government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of budget experts said.

//www.informationclearinghouse.info/article24206.htm



How Banks Fleece the Unemployed

By Barbara Koeppel

December 16, 2009 "Consortiumnews" -- While posting breathtaking profits in the last two quarters - Wells Fargo's $3.2 billion, Citigroup's $3 billion and Chase's $2.7 billion - U.S. banks have figured out a way to squeeze some extra dollars from those who can least afford it, the unemployed.

//www.informationclearinghouse.info/article24199.htm



US House Passes Pro-Wall Street Banking Bill

By Barry Grey

Wall Street lawyers have helped draft the details of the House bill in closed-door meetings, while Obama and his top economic advisers have conferred repeatedly with the CEOs of the most powerful firms.

//www.informationclearinghouse.info/article24204.htm



Congress set to raise borrowing limit by $2 trillion to $14 trillion

With the economy growing only sluggishly and Congress spending heavily on economic stimulus, two wars and extended unemployment benefits, the nation is running a deficit that hit a record $1.4 trillion in the latest fiscal year, adding to the national debt.

//www.msnbc.msn.com/id/34420565/ns/business-personal_finance/



U.S. gave up billions in tax money in deal for Citigroup's bailout repayment

The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis.

//snipurl.com/tq4wf



Obama holds stage-managed meeting with Wall Street bankers

The true nature of the event was not lost on its attendees. "It's a PR [public relations] stunt," an unnamed CEO flatly told Time magazine prior to the meeting.

//www.wsws.org/articles/2009/dec2009/bank-d15.shtml



Growing Up Empty: The Hunger Epidemic in America

Most Americans may find it hard to accept that millions in this nation are suffering from hunger -- an affliction most often associated with war-torn Africa or flood-ravaged Bengal.

//motherjones.com/media/2002/11/growing-empty-hunger-epidemic-america


From Information Clearing House



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=financial+market
//freepage.twoday.net/search?q=deficit
//freepage.twoday.net/search?q=debt
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=Wall+Street
//freepage.twoday.net/search?q=Citigroup
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=Barbara+Koeppel
//freepage.twoday.net/search?q=Barry+Grey

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