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Federal Reserve

(CBS4)

Fed Injects $40B A Month In Third Round Of Economic Aid

The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.

09/13/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

09/11/2012

Economy_unemployment_jobless

Unemployment Rate Drops, Job Creation Slows

The latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.

CBS4–04/06/2012