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WASHINGTON (AP) — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks. ...more
October 20, 2009
Two plans to attack the credit crisis are careening into each other. The Obama administration is trying to reignite lending by enticing private lenders to buy the toxic assets that have been stuck on the balance sheets of banks. ...more
March 28, 2009
Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said. ...more
March 21, 2009
The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company with an additional $30 billion in taxpayer money on an as-needed basis. ...more
March 3, 2009
The Obama administration hopes to restore confidence in the nation's ailing financial sector by subjecting 19 of the largest banks to "stress tests" that will gauge whether each institution has adequate capital to survive a severe downturn. ...more
February 26, 2009
With royal blue sequined tops, skirts fringed with blue feathers and perfectly matching tan pumps, members of the Suncoast Harmony Chorus are ready to roll. They will present their annual concert Saturday, Feb. 21, in New Port Richey. ...more
February 11, 2009
Nine Florida banks, including one in the Tampa Bay area, have applied for and received $164 million in bailout money under the federal government's $700 billion rescue package of financial institutions, according to the latest data from the U.S. Treasury Department. ...more
February 10, 2009
On tap today: Obama will promote $838 billion stimulus plan during a town hall session in Fort Myers. Gov. Charlie Crist will introduce the president. ...more
February 10, 2009
The easy part is coming to an end. Ask just about anyone in Washington involved in the $800-billion-plus economic stimulus legislation churning its way through Congress, and they will tell you it is a milestone - but without question the less expensive and politically and technically less risky part of the Great National Bailout of 2009. ...more
February 9, 2009
A Tampa man was arrested Sunday morning as part of a drug-related home invasion, Tampa police say. ...more
February 2, 2009
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