Fed’s Bullard: Programs so far are ‘standard’ central banking
WASHINGTON (Reuters) – The aggressive programs enacted by the U.S. Federal Reserve so far are “standard” and don’t cross the line to direct monetary financing of the federal government’s rising deficits, St. Louis Fed president James Bullard said. “I don’t see monetary finance coming out of this. These are standard moves that we made,” Bullard […]
Former Deputy Attorney Rod Rosenstein joins the law firm King & Spalding
By Sarah N. Lynch WASHINGTON (Reuters) – Former Deputy Attorney General Rod Rosenstein, best known for his decision to appoint Special Counsel Robert Mueller in May 2017 to probe links between President Donald Trump’s campaign and Russia, has joined the law firm King & Spalding as a partner, the firm announced on Wednesday. In his […]
The Paycheck Protection Program is out of money and closed to most new applications.
By Stacy Cowley Four weeks before its scheduled end, the federal government’s signature aid effort for small business ravaged by the pandemic — the Paycheck Protection Program — ran out of funding on Tuesday afternoon and stopped accepting most new applications. Congress allocated $292 billion to fund the program’s most recent round of loans. Nearly […]