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Congress ponders what to do with leftover money in TARP program
Published July 9, 2009, 3:08 pm, San Jose Mercury News
WASHINGTON — The government has tens of billions of dollars left in the eye-popping $700 billion bank bailout fund created last fall, prompting a debate in Congress over what to do with it.
Stricter labeling urged for bottled water
Published July 9, 2009, 3:05 pm, The Record and Herald News
Consumers know less about the water they pay dearly for in bottles than what they can drink almost for free from the tap because the two are regulated differently, congressional investigators and nonprofit researchers say in new reports.
4th UPDATE:Kohn: Monetary Policy Audits Would Hurt Fed Debate
Published July 9, 2009, 2:53 pm, The Forex Market
(Adds additional testimony from Kohn, comments from former Fed governors, beginning in 12th paragraph.)
Fed official warns against government audits
Published July 9, 2009, 2:50 pm, AFP via Yahoo! UK & Ireland Finance
Federal Reserve deputy chairman Donald Kohn on Thursday defended the US central bank's independence, saying congressional oversight could interfere with monetary policymaking.
Stimulus funds help state budget; job growth unclear
Published July 9, 2009, 2:17 pm, Detroit Free Press
WASHINGTON — Billions of federal stimulus dollars allocated to Michigan prevented devastating cuts to the state budget, including dramatic changes to the health care program for the poor, state officials told federal watchdogs.
Kohn warns Congress on meddling in Fed's affairs
Published July 9, 2009, 1:40 pm, Boston Globe
The U.S. Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy.
Stricter labeling urged for bottled water
Published July 9, 2009, 1:16 pm, KING5 Seattle
Consumers know less about the water they pay dearly for in bottles than what they can drink almost for free from the tap because the two are regulated differently, investigators and nonprofit researchers say in new reports.
Stricter labeling urged for bottled water
Published July 9, 2009, 1:07 pm, KRDO Colorado Springs
Consumers know less about the water they pay dearly for in bottles than what they can drink almost for free from the tap because the two are regulated differently.
Kohn Warns Less Fed Autonomy May Cause Higher Rates (Update2)
Published July 9, 2009, 12:43 pm, Bloomberg
July 9 (Bloomberg) -- Federal Reserve Board Vice Chairman Donald Kohn said any “substantial erosion” of the central bank’s independence in setting interest rates may fuel investor fears of inflation and provoke higher long-term borrowing costs.
2nd UPDATE: Kohn: Monetary Policy Audits Would Hurt Fed Debate
Published July 9, 2009, 12:38 pm, Nasdaq
WASHINGTON -(Dow Jones)- Federal Reserve Vice Chairman Donald Kohn said Thursday that while the Fed doesn't object to government audits of its emergency facilities, extending those audits to monetary policy could "cast a chill" on the central bank's deliberations.
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