Times of IndiaPosted by Yogesh on Saturday, 6 September, 2008
VIENNA (Reuters) – Forty-five nations approved a U.S. proposal on Saturday to lift a global ban on nuclear trade with India in a breakthrough towards sealing a U.S.-Indian atomic energy deal.
One hurdle remained before the U.S.-India deal can take force — ratification by the U.S. Congress. It must act before adjourning in late September for elections or the deal could be left to an uncertain fate under a new U.S. administration. Read the rest of this entry »
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Posted by Yogesh on Saturday, 6 September, 2008
WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies under federal control, officials and company executives briefed on the discussions said.
Henry M. Paulson Jr., the Treasury secretary, and Ben S. Bernanke, the Federal Reserve chairman, were involved in the takeover of Freddie Mac and Fannie Mae. Read the rest of this entry »
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