BUDGET HELL: NYC PREPARING 'DOOMSDAY SCENARIO' FOR TRANSIT CUTS; SUBWAY LINES CLOSED...
PAULSON OPPOSES BAILOUT AID TO HOMEOWNERS, AUTOMAKERS...
DEFENDS ACTIONS...
Clashes With Congress...
Financial Crisis Tab Already In The Trillions
By CNBC.com |
CNBC, has been keeping a running tally of actual spending as well as the commitments involved. Try $4.28 trillion dollars. That's $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources. Continue
Ecuador auditor urges debt default: The official overseeing an audit of Ecuador's foreign debt said his committee found evidence of abuses and irregularities tied to almost all of the country's bonds and will recommend a default on $10.3 billion in national debt.
Lawmakers, Treasury lock horns on foreclosures: The U.S. Treasury Secretary and members of Congress locked horns on Tuesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for investing in financial companies.
Depression 2009: What would it look like?: By looking at what we know about how society and commerce would slow down, and how people respond, it's possible to envision what we might face.
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