http://www.economicstimulusact.com Information about the Economic Stimulus Act Thu, 11 Mar 2010 16:09:04 +0000 http://backend.userland.com/rss092 en The U.S. commercial paper market grew in the latest week, resuming an expansion trend that supports signs of emerging economic growth, Federal Reserve data showed on Thursday. http://www.economicstimulusact.com/update-us-commercial-paper-market-rises-in-week-fed-at-reuters/ The Treasury Department announced Thursday that it received net proceeds of $11.15 million from the sale of warrants to purchase common stock of Signature Bank. Treasury said it sold 595,829 warrants at $19 per warrant. http://www.economicstimulusact.com/us-earns-112-million-from-signature-warrants-at-marketwatch/ The Federal Reserve Bank of New York is joining the American International Group in a loss-sharing agreement that is part of the insurer s sale of its American Life Insurance Company unit to MetLife, Bloomberg News reports. http://www.economicstimulusact.com/fed-joins-aig-loss-sharing-pact-with-metlife-at-new-york-times/ The Treasury Department did not adequately consider all options when bailing out troubled finance company GMAC and could have better protected taxpayers money, according to a report released Thursday. http://www.economicstimulusact.com/treasury-missed-chances-to-save-on-gmac-bailout-panel-money/ The U.S. Treasury s decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday. http://www.economicstimulusact.com/us-bailout-watchdog-criticizes-treasury-over-gmac-reuters/ * Bankruptcy could have put GMAC on sounder footing-report * Panel concerned about lack of Treasury exit strategy. * Treasury says chose least-cost GMAC restructuring path http://www.economicstimulusact.com/us-bailout-watchdog-criticizes-treasury-over-gmac-at-reuters/ In a move thats raising red flags among some consumer advocates, top negotiators for the Senate Banking Committee signaled Wednesday they favor establishing a new consumer financial protection agency within the Federal Reserve as part of a compromise financial regulation reform bill. http://www.economicstimulusact.com/senate-banking-committee-negotiators-favor-placing-new-consumer-financial-protection-agency-at-fed-at-fox-business/ The Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a congressional overhaul of banking rules as the top cop over the nation s largest financial institutions. http://www.economicstimulusact.com/fed-recovers-gets-new-look-as-financial-regulator-ap/ General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday. http://www.economicstimulusact.com/gm-ceo-says-us-will-make-money-on-bailout-reuters/ FEBRUARY DEFICIT: The government s monthly budget deficit hit an all-time high of $220.9 billion in February. DEFICIT PACE: The deficit for the first five months of the budget year, which began Oct. 1., totals $651.6 billion, 10.5 percent higher than the same period a year ago. http://www.economicstimulusact.com/summary-box-monthly-budget-deficit-hits-record-ap/