3/4 washingtonpost.com - Business

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. washingtonpost.com - Business New Hampshire Ave. Project Gets Federal Highway Stimulus Funds March 4, 2009 at 12:00 am President Obama yesterday released $26.6 billion for highway construction meant to revive the economy, including a mile-long repaving on New Hampshire Avenue in Montgomery County. Obama Officials Defend Budget March 4, 2009 at 12:00 am Two of the administration's top economic officials defended President Obama's $3.6 trillion budget plan yesterday, arguing that the proposal would finance a historic investment in critical economic priorities while restoring balance to a tax code tipped in favor of the wealthy. Tough Test Emerges as Administration Aims to Bolster Automakers, Cut Pollution March 4, 2009 at 12:00 am In the viability plans General Motors and Chrysler submitted to support their federal aid requests, the companies pledged to try to meet new fuel economy standards. Obama Reverses Bush on Species Protection Measure March 4, 2009 at 12:00 am In a move that will subject a number of government projects to enhanced environmental and scientific scrutiny, President Obama is restoring a requirement that U.S. agencies consult with independent federal experts to determine whether their actions might harm threatened and endangered species. Bernanke Blasts AIG For 'Irresponsible Bets' That Led to Bailouts March 4, 2009 at 12:00 am Federal Reserve Chairman Ben S. Bernanke delivered an unusually harsh rebuke to American International Group yesterday, expressing rare public exasperation over having to repeatedly bail it out. In China, Despair Mounting Among Migrant Workers March 4, 2009 at 12:00 am YIWU, China -- Li Jiang was hungry. Huddled in the freezing rain with more than 1,000 other people at 6 a.m., he stood patiently in line hoping he had come early enough to get some of the free rice porridge steaming in giant cauldrons nearby. Financial Rescue Turns to Toxic Assets March 4, 2009 at 12:00 am The Obama administration is aiming to solve one of the toughest riddles at the heart of the financial crisis -- how to value the toxic assets weighing down the books of banks -- by setting up several funds to vie for these securities, sources familiar with the plans said yesterday. By competing t... Picks for Key Government Posts Play Long Waiting Game March 4, 2009 at 12:00 am An intensified vetting process has left dozens of President Obama's picks to run the government mired in a seemingly endless confirmation limbo, frustrated and cut off from the departments they are waiting to serve and unable to perform their new duties. New Post Proposed at Pentagon March 4, 2009 at 12:00 am A bill to end cost overruns in major weapons systems would create a powerful new Pentagon position -- director of independent cost assessments -- to review cost analyses and estimates, separately from the military branch requesting the program. Debt Doesn't Have to Be A Burden March 4, 2009 at 12:00 am Suddenly there seem to be lots of people who think our biggest economic problem is that President Obama and the Democratic Congress are about to saddle our grandchildren with a mountain of government debt so high that they -- and the U.S. economy -- will never be able to get out from under it. Democrats to Temper Mortgage Relief Bill March 4, 2009 at 12:00 am House Democrats have reached an agreement to narrow the impact of legislation allowing bankruptcy judges to modify troubled mortgages. Va. Insurer's Decline Came With Scant Warning March 4, 2009 at 12:00 am A Virginia-based life insurance company's descent into receivership last month came with little if any warning and with potentially harmful consequences for policyholders, illustrating the risks consumers face as the financial meltdown weakens life insurers. Long Insulated By Government, Region Dragged Into Downturn March 4, 2009 at 12:00 am This is the state of business in Washington: BearingPoint, a titan in government contracting, is in bankruptcy. Chevy Chase Bank, with nearly 250 local branches, has sold itself under distress. Allied Capital, the District-based buyout firm, has defaulted on more than $1 billion in debt. As Markets Slump, U.S. Tries to Halt Cycle of Fear March 4, 2009 at 12:00 am The Obama administration yesterday made a concerted push to boost confidence in downward-spiraling financial markets, assuring Americans that officials are taking the steps necessary to contain the worsening economic damage and to restore the nation's long-term fiscal health. Obama Touts Investing With 'Long-Term Perspective' March 3, 2009 at 4:57 pm President Obama, seeking to boost public confidence in his economic recovery plan and U.S. markets, suggested today that now is a good time for investors with "a long-term perspective" to buy stocks, and he vowed that the nation's financial mess "is going to get cleaned up." In Free-Fall, Stocks Hit Lowest Mark Since '97 March 3, 2009 at 12:00 am The global financial rout worsened yesterday, driving U.S. stocks to their lowest level since 1997 amid deepening questions about whether governments around the world are being forceful enough in combating the economic crisis.   This email was sent to autoblogs077@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.