Obama, Democrats look to revamp financial bailout
WASHINGTON -- Eager to shift the course of the government's financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion rescue program.

Obama team looks to revamp financial bailout
WASHINGTON -- President-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments.

Bush to Ask for Second Tranche of Financial Bailout Funds
Senior Bush administration officials are preparing to ask lawmakers for the second half of the $700 billion financial rescue package despite intense opposition in Congress and then have President Bush use his veto if the request is voted down, three sources familiar with the matter said.

Obama team working on overhaul of financial rescue
WASHINGTON (Reuters) - President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage foreclosures and spur the flow of credit to the struggling U.S. economy, an Obama aide said on Friday.

Irish Financial Regulator to Retire After Anglo Irish Inquiry
Jan. 10 (Bloomberg) -- Ireland?s financial regulator said Chief Executive Officer Patrick Neary will retire as an inquiry showed the agency failed to take ?appropriate and timely? action in relation to directors? loans at Anglo Irish Bank Corp.

Rep. Frank Says Conditions Should Be Imposed on Financial Bailout
Rep. Barney Frank, who heads the House Financial Services Committee, wants new strings attached to the remainder of the $700 billion in financial bailout money. 

Steel Partners to List Flagship Hedge Fund, Financial Times Says
Jan. 9 (Bloomberg) -- Steel Partners, the hedge-fund firm run by Warren Lichtenstein, plans to covert its biggest hedge fund into a publicly traded holding company, the Financial Times reported.

Democrats Seek To Remake Financial Rescue Fund
Barney Frank, the chairman of the House Financial Services Committee, is proposing to rewrite some of the rules under which banks received money in the Treasury Department's $700 billion bailout. Treasury has already spent or committed about half of the funds.

US Treasury slammed over handling of financial bailout
WASHINGTON: A US congressional panel sharply criticised the Treasury for its handling of a 700-billion financial bailout fund, as lawmakers moved to demand more transparency and accountability.

Obama, Democrats look to revamp financial bailout
WASHINGTON - Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the $350 billion remaining in the financial bailout fund, officials on both sides said Friday.

Changes urged in doling out of financial bailout funds
A key lawmaker calls on Congress to impose stricter requirements on how the government uses the second half of a huge $700 billion financial bailout fund as a separte oversight panel blasts the handling of the first half.

Mass. Gov. Deval Patrick signs financial relief bill for Springfield
SPRINGFIELD - Mass. Gov. Deval L. Patrick on Friday signed his financial relief bill for Springfield and reiterated his plan to abolish a state-dominated board that oversees city government.

Economists Weigh Missed Signs on Road to Financial Crisis
Many economists failed to predict the mortgage and banking crisis and the economic recession that followed. Paul Solman examines why financial experts failed to predict the crisis.

Swedish central bank: Financial crisis to dissipate in 2009
The global financial crisis would dissipate in 2009 and the Swedish economy would recover in 2010, Sweden's central bank Riksbank said Friday. "We expect the financial crisis to peter out during the course of the year that has just begun," Barbro Wickman-Parak, Riksbank deputy governor, said in a statement. "A large part of the explanation comprises falling energy prices and falling interest ...

Financial Stocks: Sector surrenders to unemloyment reality
U.S. financial stocks falls, surrendering to the reality of a dismal jobless report after initially shaking off the data and rising despite the bad news.

Obama and Dems look to revamp financial bailout
Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress for access to the US$350 billion remaining in the financial bailout fund, officials said.

Barack Obama and Democrats look to revamp financial bailout
Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the US$350 billion remaining in the financial bailout fund, officials on both sides said Friday.

Obama Team Working on Overhaul of Financial Rescue
Obama Team Working on Overhaul of Financial Rescue

Clarkstown supervisor says financial outlook good for 2009
NEW CITY - Despite the national economic downturn, Clarkstown's financial outlook in 2009 is strong and the town will continue to provide services to its residents while trying to cut costs, Supervisor Alex Gromack said in his annual State of the Town address.

Congressional auditors: NASA inspector general failing to find financial waste, abuse
WASHINGTON - Congressional auditors say that NASA's in-house financial watchdog is doing little to unearth waste and abuse at the space agency.