Highlights
A collection of news and information related to Credit and Debt published by Tribune Company sources.
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Obama says he will work with Congress to refine his economic recovery plan
Associated Press WriterWASHINGTON (AP) — President-elect Barack Obama said Friday that he and Congress will "hone and refine" his nearly $800 billion economic recovery plan, as he seeks to patch fissures with senior Democrats over key features of the still-emerging plan....Tags: Barbara Boxer, State Budgets, Laws, Alternative Energy, Energy Saving
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Pelosi: Stimulus by Presidents' Day
The Swampby Mark Silva How much pressure will there be on Congress to enact an economic stimulus plan swiftly? House Speaker Nancy Pelosi says there will be no congressional recess for the Presidents' Day holiday if they haven't finished work by......Tags: Insurance, Wages and Pensions, Parliament, Company Privatization, Nancy Pelosi
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Orlando-based nonprofit credit counseling operation acquired by Atlanta counterpart
Sentinel Staff WriterA large Orlando-based nonprofit credit counseling operation has been acquired by its counterpart nonprofit operation in Atlanta, officials said Friday. The merger became official last week between Consumer Credit Counseling Service of Central Florida &...Tags: Mississippi, Florida, Consumers, Restructuring and Recapitalization, Georgia
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Man accused of fleeing, stealing from fiancee
Pierce County authorities are seeking a man accused of stealing an engagement ring, laptop computer, credit cards and money from a woman he said he would marry on New Year's Eve, only to fly to Hawaii at her expense and marry someone else. A criminal...Tags: South Dakota, Theft, New Year's Day, Hawaii, Prosecution
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Sears shares soar despite December sales slump
Tribune staff reporterSears Holdings Corp. said Thursday that December comparable-store sales sagged by 7.3 percent, but the retailer's stock surged on the company's disclosure that fourth-quarter earnings will significantly top expectations. At close on the Nasdaq , Sears...Tags: Hoffman Estates, Sales
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Lean Ind. budget has few new capital projects
Associated Press WriterGov. Mitch Daniels wants a two-year moratorium on new capital projects funded by Indiana taxpayers -- but the lean budget he proposed does include money for the expansion of two prisons. Daniels says public safety is a high priority and that expanding...Tags: Indiana University, State Budgets, Republican Party, Vi Simpson, Colleges and Universities
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Stop governing credit like it's 1799
The current financial crisis is as modern as it comes: Global mega-banks are trading options and derivatives at lightning speed. Yet, the law of consumer finance governs like it's the 1700s. Nearly all of our consumer safety laws are founded on the...Tags: Money and Monetary Policy, Consumers, Office Needs, Regulatory Policy and Organizations, Bankruptcy
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The Influence Game: With new tactics and allies, homebuilders revive a coveted tax break
Associated Press WriterWASHINGTON (AP) — A tax break for big homebuilders, derailed last year amid public outrage at their role in the housing meltdown, is now back on track — thanks to well-connected lobbyists and a growing chorus of suddenly strapped other...Tags: State Budgets, Peter Orszag, Republican Party, Budgets and Budgeting, Lobbying
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Nasdaq CEO: Markets can help in crisis, but gov't needs to 'fundamentally rethink' regulations
AP Business WriterWASHINGTON (AP) — The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen,...Tags: SEC, Government, Bernard Madoff, Philadelphia (Philadelphia, Pennsylvania), Securities
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LETTERS
Don't condemn Empire Zones In the midst of our harsh economic times and the resulting outcry to trim state and local budgets, it is imperative that our leaders thoroughly investigate all proposed cost savers and not hastily approve measures just to...Tags: State Budgets, Government, Bernard Madoff, Local Elections, Brian Foley
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Consumer borrowing hits a 65-year low
Consumers cut back on their borrowing by a record amount in dollar terms in November, another sign of trouble for the rapidly weakening economy. The Federal Reserve reported yesterday that borrowing on credit cards, and for such things as auto loans,...Tags: Consumers, Federal Reserve
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Corn Ethanol Receives More Federal Aid Than Other Alt-Energy Industries Combined
Edmunds.comThe corn-based ethanol industry dominates federal programs to support renewable energy, having taken two-thirds of all subsidies for renewable energy sources in 2007, the latest year for which such information is now available. Corn-based ethanol received...
Jan 9, 2009
|Story| Associated Press
Jan 9, 2009
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Jan 9, 2009
|Story| Orlando Sentinel
Jan 8, 2009
|Story| Associated Press
Jan 8, 2009
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Jan 8, 2009
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Jan 9, 2009
|Story| Chicago Tribune
Jan 8, 2009
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Jan 9, 2009
|Story| Newsday
Jan 9, 2009
|Story| Baltimore Sun
Jan 9, 2009
|Blog| Edmunds.com
