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Money lacking for affordable housing

Published: March 18, 2010
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By Sean Ryan Affordable housing remains low on the public priority list, frustrating organizers who are trying to squeeze construction money out of all levels of government. “That’s been an issue that has concerned and troubled and plagued the affordable housing community for a long time — that there are other ways of spending public [...]

U.S. to aid small banks (4:15 p.m. 2/3/10)

Published: February 3, 2010
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Washington (AP) — The Treasury Department will invest up to $1 billion in small banks that serve poor communities as part of the Obama administration’s efforts to spur more lending to small businesses, according to the department. The money will come from the $700 billion bank bailout fund. About 210 banks, thrifts and credit unions [...]

Obama pitches aid for struggling small businesses (8:24 a.m. 2/2/10)

Published: February 2, 2010
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By DARLENE SUPERVILLE Associated Press Writer WASHINGTON (AP) — President Barack Obama’s bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting. Obama travels to Nashua, N.H., on Tuesday to draw attention [...]

Report: Unwinding bailout program will be tricky (1:53 p.m. 1/14/10)

By Marcy Gordon AP Business Writer Washington — The government will face a complex and delicate task when it moves to unwind the federal financial bailout that officially ends in October, and the rescue will leave a deep impact the economy long afterward, according to a report from a government monitoring panel. The $700 billion [...]

Infrastructure jobs key in Obama job-creating initiative

Published: December 8, 2009
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By PHILIP ELLIOTT Associated Press Writer WASHINGTON (AP) — President Barack Obama is promoting help for highways and small businesses, bridges and energy-efficient homes in a broad pitch to get Americans back to work and roll back the double-digit unemployment that’s approaching a quarter-century high, an administration official said Tuesday. In a speech prepared for [...]

Administration to slash bailout cost estimate (8:37 a.m. 12/7/09)

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts. A Treasury official said Sunday that the administration now believes the cost of the financial rescue [...]