• Most Popular
  • Most Shared

Treasury declines comment on AIG Fed loan report

WASHINGTON
Tue Sep 16, 2008 4:07pm EDT

Stocks

   

WASHINGTON (Reuters) - The U.S. Treasury on Tuesday declined to comment on a Bloomberg News report that the Federal Reserve was considering extending a "loan package" to American International Group (AIG.N) to ease a cash shortage.

"We are focused on market developments," Treasury spokeswoman Brookly McLaughlin said, declining to comment on the report.

U.S. Treasury Secretary Henry Paulson is in Washington and was scheduled to participate in a meeting at the White House of President George W. Bush's Working Group on Financial Markets at around 3:30 p.m.

The group also includes Fed Chairman Ben Bernanke, Securities and Exchange Commission Chairman Christopher Cox and other officials.

(Reporting by David Lawder)


More from Reuters

Photo

Bank of America names Moynihan next CEO

NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.

» More Top News
A girl sits on her father's shoulders in front of a globe with an interactive display during an Earth Hour ceremony at the townhall square in central Copenhagen December 16, 2009. Credit: REUTERS/Christian Charisius

Talks in trouble, blame begins

Developed and developing nations are deadlocked over cuts in greenhouse gases with only two days left to negotiate. Will there still be a climate deal?  Full Article | Related Story 

Climate Conference
An office worker is reflected in the pavement as he walks with an umbrella in Singapore's financial district October 8, 2008.REUTERS/Vivek Prakash
Analysis:

Death of a salesman

Old-style sales reps may be fading thanks to a shift in the pharmaceutical market that has created a new gatekeeper in drug sales.  Full Article 

Healthcare