Economy in turmoil

Treasury pays big price for AIG: Its power to seek more bailouts

Any Obama administration bid to seek more taxpayer money for failing banks will face stiff resistance in Congress, where Treasury Department credibility is ebbing fast and lawmakers are bowing before a constituent revolt.

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Archive by category ''Economy in turmoil

ECONOMY IN TURMOIL

AIG bonus outrage has employees living in fear

Longtime pillars of the community are now pariahs living in fear, hiding behind locked gates and security guards amid the public outrage over bonuses paid with taxpayer bailout money. | Read full package

1161 days ago
ECONOMY IN TURMOIL

Senate Republicans brake rush to tax AIG bonuses

WASHINGTON — Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

1161 days ago