U.S. Senate Confirms Timothy Geithner as Treasury Head
Timothy Geithner was approved by the U.S. Senate late last night to take over the U.S. Treasury Department. More
U.S. Home Prices Fell in Most Regions Last Year
The value of homes in the U.S. fell in 34 states last year. Increased difficulties in negotiating mortgages and record foreclosure levels contributed to the falling values. More
Euro Falls From One-Week High
The euro fell from a one-week high yesterday as concern grows over the depth of the recession facing the European economy. More
Canadian Budget to Include Stimulus Plan
Canada’s minority Conservative government is scheduled to release a new budget that includes new spending on infrastructure projects as well as direct aid to the auto sector and financial institutions. The budget will run a deficit of $60 billion CAD over the next two years and is the first deficit in Canada in more than ten years. More
