"I will be watching carefully": Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion corporate bailout fund
Associated Press/Jeff Chiu Warren sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on Tuesday, pressing them to ensur.....»»
Half of Trump’s Latest Corporate Bailout Went to Private Jet Companies
WASHINGTON, D.C. – This week the Trump Treasury Department revealed the latest recipients of the CARES Act’s $25 billion b.....»»
Boeing raises $25 billion in massive bond sale, turns down bailout funds
The massive funding round comes just days before a deadline to access a $17 billion Treasury Department fund......»»
Fed"s $500B corporate lending plan won"t save jobs, critics say
Critics say the program, set up jointly by the Federal Reserve and Treasury Department, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
Fed"s $500B corporate lending plan won"t save jobs, critics say
Critics say the program, set up jointly by the Federal Reserve and Treasury Department, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
Critics say Fed"s $500B corporate lending plan won"t save jobs
Critics say the program, set up jointly by the Federal Reserve and Treasury Department, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
The U.S. plans to lend $500 billion to large companies. It won’t require them to preserve jobs or limit executive pay.
Critics say the program, set up jointly by the Federal Reserve and Treasury Department, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
The U.S. plans to give $500 billion to large companies. It won’t require them to preserve jobs or limit executive pay.
Critics say the program, set up jointly by the Federal Reserve and Department of Treasury, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
Airlines See Only Limited Relief From Federal ProgramÂ
Ten U.S. airlines have agreed to terms with the Treasury Department to accept assistance from the $25 billion fund designated to keep airline employees working through the end of September......»»
Billionaire Leon Cooperman slams Elizabeth Warren"s wealth tax again, suggests eliminating the Education Department instead
Cooperman sees ways besides a wealth tax to raise money: "We don't need a $100 billion cabinet to tell the states how to educate their children." Billionaire Leon Cooperman. Screenshot, CNBC Billionaire Leon Cooperman went on CNBC .....»»
The Fed is watching housing "carefully" and hopes builders catch up to the red-hot market, Chair Powell says
The market isn't showing "financial stability concerns" that fueled the 2008 bubble's pop, and is instead suffering from a supply shortage, he said. Federal Reserve Chair Jerome Pow.....»»
Bond Report: U.S. Treasury yields rise before $62 billion debt auction
U.S. Treasury yields edge higher early Tuesday as investors eye a debt auction and a midweek Federal Reserve meeting......»»
Market Extra: Fed should ‘switch’ up its playbook and buy more Treasurys, fewer mortgage bonds, urge analysts
As the economy reopens, the Federal Reserve should consider tweaking its $120 billion monthly asset purchase program to allow for more Treasury purchases and fewer government-backed mortgage bonds, say analysts......»»
U.S. runs $737.9 billion April budget deficit: Treasury
The federal government ran a budget deficit of $737.9 billion in April, the Treasury Department said Tuesday......»»
Largest corporate debt ETF rises as Fed affirms bond-buying program
The biggest exchange-traded fund with exposure to investment-grade corporate debt was higher in midday trading after the Federal Reserve confirmed it would soon start to buy corporate bonds, and shares of ETFs that track them, to help support busi.....»»
Boeing’s company debt now larger than New Zealand’s after huge bond sale
The massive funding round comes just days before a deadline to access a $17 billion Treasury Department fund......»»
$500B lending plan won"t require companies to save jobs, limit execs" pay
Critics say the program, set up jointly by the Federal Reserve and Treasury Department, could allow large companies that take the federal help to reward shareholders and executives without saving any jobs......»»
Democrats urge U.S. to provide at least $5 billion in loans to bus industry
Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling over-the-road bus companies because of the coronavirus pandemic......»»
Treasury hands out $2.9 billion to airlines; more to come
New York State has applied for a $4 billion federal loan to shore up its unemployment trust fund amid a record surge of claims by workers sidelined by the Covid-19 pandemic, a spokeswoman said. “All... To view the full story, click the title link......»»
The Tell: Wave of corporate defaults could reach more than 20%, despite Fed’s foray into buying junk bonds, warn analysts
Defaults already are climbing as speculative-grade (junk-rated) companies buckle under their debts, even as the Federal Reserve aims a near $750 billion fire hose on the corporate debt markets during the pandemic......»»
The Tell: Fed’s foray into buying junk-rated corporate debt won’t stop wave of defaults that could reach 21%, analysts warn
Defaults already are climbing as speculative-grade (junk-rated) companies buckle under their debts, even as the Federal Reserve aims a near $750 billion fire hose on the corporate debt markets during the pandemic......»»