CHICAGO, Nov. 21, 2008 (Reuters) — U.S. President-elect Barack Obama may consider Lawrence Summers as a successor to Federal Reserve Chairman Ben Bernanke, whose term expires in January 2010, a Democratic source told Reuters on Friday. ... > full story
NEW YORK, Nov. 21, 2008 (Reuters) — U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action. ... > full story
CHICAGO, Nov. 21, 2008 (Reuters) — President-elect Barack Obama has selected Timothy Geithner as Treasury secretary, charging the respected head of the New York Federal Reserve with pulling the United States out of an economic nosedive, NBC news reported on Friday. ... > full story
NEW YORK, Nov. 21, 2008 (Reuters) — President-elect Barack Obama will name New York Federal Reserve president Timothy Geithner as his Treasury Secretary, major media reported on Friday, sparking a late-day stock market rally and helping assuage concerns about a power vacuum in Washington. ... > full story
WASHINGTON, Nov. 21, 2008 (Reuters) — Timothy Geithner, the president of the New York Federal Reserve Bank, is expected to be tapped by President-elect Barack Obama to be the next secretary of the U.S. Treasury, NBC News and the Wall Street Journal reported on Friday. ... > full story
CHICAGO, Nov. 21, 2008 (Reuters) — With his choice of Hillary Clinton as secretary of state all but certain, President-elect Barack Obama promised on Friday to bring a "fresh perspective" to U.S. relations with the rest of the world. ... > full story
NEW YORK, Nov. 21, 2008 (Reuters) — Oil rose slightly on Friday, after falling more than 7 percent the day before, as stock markets recovered from early lows caused by continuing economic gloom. ... > full story
WASHINGTON, Nov. 21, 2008 (Reuters) — Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans. ... > full story
EVANSVILLE, Indiana, Nov. 21, 2008 (Reuters) — Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. ... > full story
NEW YORK, Nov. 20, 2008 (Reuters) — Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. ... > full story
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Fannie, Freddie to halt foreclosures Nov. 20, 2008 (San Francisco Business Times) — Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 this year and July 9 of ...
Fannie Mae, Freddie Mac Halt Foreclosures Temporarily Nov. 20, 2008 (ABC 10 Sacramento (KXTV)) — Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season. . . The two companies said they will ...
Foreclosures halted for holidays
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Election 2008 Nov. 20, 2008 (Atlanta Journal Constitution) — Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.. . The two ...
A foreclosure-free holiday season Nov. 20, 2008 (WFAA-TV 8, Dallas/Ft.Worth) — Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season. . . The two companies say they will ...
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