Federal Reserve

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.


KXNT Morning News: Another Stimulus On The Way?

Accoring to the “Wall Street Journal”, the Federal Reserve is close to embarking on another round of monetary stimulus next week. The backdrop will be a weak economy and low inflation.