Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 10:23:01 PM CST

Learn about Newser Points »

federal loans

federal loans news stories

7 Stories

 House OKs $25B Detroit Rescue 

Package of low-interest loans aims to prop up staggering auto industry

Detroit Free Press Detroit Free Press Sep 25, 08 3:29 AM CDT
(Newser) - The House has approved a $25 billion lifeline to Detroit's battered auto industry, the Detroit Free Press reports. The package of low-interest loans to help automakers switch to manufacturing more fuel-efficient vehicles is expected to be approved by the Senate today and signed by the president soon after. Michigan lawmakers cheered the news, saying it would save thousands of jobs. More »

More about:  bailout • auto industry • General Motors • Detroit • Ford • Chrysler • Michigan • fuel efficiency • automaker • rescue package • federal loans

Critics: Bernanke-Paulson Plan Isn't the Only Option

Opponents say there are other ways to save Wall Street from itself

Washington Post Washington Post Sep 24, 08 9:29 AM CDT
(Newser) - The Bush administration’s $700-billion bailout isn’t the only option available to help Wall Street, and critics say alternatives that limit taxpayer liability have been too quickly abandoned for the sake of quick action, reports the Washington Post. "They presented this as a comprehensive, decisive solution, but it's clearly not comprehensive and probably not decisive," says one plan critic. Among the options being floated: More »

More about:  Financial Crisis • bailout • banks • federal loans

Auto Giants Press Congress for $25B Loan

Credit pinch, oil prices could cost thousands of jobs, execs say

Detroit Free Press Detroit Free Press Sep 18, 08 9:43 AM CDT
(Newser) - The CEOs of US auto giants seem to have convinced some in Congress they, too, need billions in federal loans, the Detroit Free Press reports, though it’s uncertain if they’ll get the $25 billion they’re asking for. High oil and commodity prices and tightened credit threaten jobs in an already ailing industry, the heads of General Motors, Ford, and Chrysler told lawmakers yesterday. More »

More about:  bailout • auto industry • General Motors • Ford • Chrysler • lobbying • Big Three • loan • federal loans • jobs

 AIG Seeks $40B Fed Loan 
 in Bid to Prevent Collapse 

Insurance giant tries to stave off credit downgrade, aims to sell assets

New York Times New York Times Sep 15, 08 2:25 AM CDT
(Newser) - In yet another Wall Street meltdown, floundering insurance giant American International Group has turned to the federal government in a bid to stave off a threatened credit-rating downgrade that could trigger the firm’s immediate collapse, reports the New York Times . AIG has requested a $40 billion bridge loan from the Federal Reserve and is trying to sell off its most valuable assets—including its domestic automotive business and its annuities unit. More »

House Panel OKs $15B Plan to Buy Foreclosed Homes

States, cities would get money to purchase and fix up houses

Wall Street Journal Wall Street Journal Apr 24, 08 2:39 AM CDT
(Newser) - Lawmakers have backed a $15 billion aid package for municipalities so they can buy and fix up foreclosed homes, the Wall Street Journal reports. A House panel voted 38-26 for the measure, which would be split evenly between loans and grants. States could use the money to get vacated homes in shape and filled quickly. It's part of a larger relief measure making its way through the House. More »

More about:  subprime crisis • foreclosure • Barney Frank • House Financial Services Committee • federal loans

Fed Cuts Bank Discount 
Rate to Boost Liquidity  

Latest step to stem worsening credit crisis and bolster panicky markets

Associated Press Associated Press Mar 16, 08 7:21 PM CDT
(Newser) - The Federal Reserve raced to buck up an anxious financial sector today by cutting its discount rate to banks by a quarter point, to 3.25%, the AP reports. It also created a new lending facility to aid investment banks with short-term loans. The moves are "designed to bolster market liquidity and promote orderly market functioning," the Fed said. "Liquid well-functioning markets are essential for the promotion of economic growth." More »

More about:  Federal Reserve • US economy • Ben Bernanke • interest rate cut • liquidity • federal loans

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

Washington Post Washington Post Mar 3, 08 2:40 PM CST
(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have already abandoned the student market, and those rates will rise even faster, the Washington Post reports. More »

More about:  credit crisis • subprime crisis • education • college • debt • university • federal loans • college costs • student debt • Stafford loan

7 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »