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Brown backs tax cuts: No 10 pushes for relief for struggling families (Daily Mail: World News) Gordon Brown has given the green light for emergency tax cuts to jumpstart the economy. www.dailymail.co.uk
After the Market Crash Liquidity Starts to Repair Banking System - The Market Oracle After the Market Crash Liquidity Starts to Repair Banking System The Market Oracle, UK - Oct 20, 2008 Liquidity in the form of government and Federal Reserve funds are flooding the markets, buying nearly everything from bad bank debt to actual bank stock. ... www.marketoracle.co.uk
Hungary gets $8.3 billion bailout (CNN Money) European Union sends emergency rescue loan to Hungary, as country unable to meet debt payments in midst of financial crisis. money.cnn.com
Fed boosts rates paid to banks on reserves - Kansas City Star WASHINGTON | The Federal Reserve, still battling a severe credit crisis, announced Wednesday it will pay a higher interest rate to commercial banks on their reserves. The Fed said it was altering the formulas it was using both for reserves the banks ... www.kansascity.com