• 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

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
Traders in the oil options pit work at the New York Mercantile Exchange, September 9, 2008. REUTERS/Chip East
Analysis:

"More assumptions, more risk"

New oil and gas reserve rules were supposed to improve transparency, but the unforeseen consequences of the regulations could add a layer of uncertainty for investors.  Full Article 

regulatory news
The sun sets over the Mackenzie Delta near Inuvik, Northwest Territories November 11, 2009. Credit: REUTERS/Jeffrey Jones

An Arctic economy in limbo

Beset by political and economic setbacks, one of the world's biggest pipeline projects is on hold, and it's unclear if the project will ever break ground.  Full Article 

Green Business