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·         Bernanke: recession could end in '09 (AP) -America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.

·         Millions in AIG bonuses draw chorus of outrage (AP)AP - Leaders of the White House economic team and the Senate's top Republican bellowed about bonuses at a bailed-out insurance giant and pledged to prevent such payments in the future.

·         News Analysis: Bracing for a Bailout BacklashThe Obama administration is worried that populist anger at financial institutions and Wall Street could complicate its agenda.

·         A.I.G. Lists Firms It Paid With Taxpayer MoneyAmong the biggest recipients were Société Générale, Deutsche Bank and Goldman Sachs, all of which were owed money from credit default swaps.

·         Government Combs Through G.M.’s Survival PlanOfficials traveled to Detroit in a last-minute effort to assess whether more government aid could make the company viable, or whether the better choice was a managed bankruptcy.

·         Cheney: Hey, Don"t Blame Us For MessFormer Vice President Dick Cheney says it wasn't the Bush-Cheney administration's fault for the nation's economic mess the new administration is trying to clean up.

·         Joe Biden's Mother Hospitalized After FallVice President Joe Biden's 91-year-old mother has been hospitalized after a fall at her Delaware home.

·         Obama: Food Safety System A Health HazardPresident Barack Obama says the nation's decades-old food safety system is a "hazard to public health" and in need of an overhaul, starting with the selection of a new head of the federal Food and Dru...

·         Obama Ditches Bush Term "Enemy Combatant" - The Obama administration is abandoning one of President George W. Bush's key phrases in the war on terrorism: enemy combatant.

·         Obama faces Democrat discord on spending plansRepublicans are not the only ones in the U.S. Congress squawking about President Barack Obama's record $3.55 trillion budget plan.

·         Bill Clinton severs ties with Yucaipa: reportFormer President Bill Clinton has severed his connections to Ronald Burkle's Yucaipa Cos. and will not receive a payment once estimated to be up to $20 million, the Wall Street Journal reported on Sun...

·         Obama to announce steps to aid small businessesU.S. President Barack Obama will announce steps on Monday to make it easier for small business owners to borrow money, using $730 million in stimulus funds to cut lending fees, boost loan guarantees a...

·         Rep. Frank wants to see if AIG bonuses recoverableU.S. Representative Barney Frank, chairman of the House Financial Services Committee, said on Sunday the government needs to determine if millions in employee bonuses at American International Group I...

·         Cheney unhappy Bush did not pardon former aide LibbyFormer Vice President Dick Cheney said on Sunday he was unhappy with then-President George W. Bush's refusal to pardon Lewis "Scooter" Libby, Cheney's onetime chief of staff who was convicted in the C...

·         Obama picks FDA chief, starts food safety panelPresident Barack Obama on Saturday chose public health and biological threat expert Dr. Margaret Hamburg to run the troubled U.S. Food and Drug Administration and announced a Cabinet-level food safety...

·         Getting lost in Amazon? Obama banters with LulaForeign leaders hoping to have good chemistry with U.S. President Barack Obama may want to take a lesson from Brazil's Luiz Inacio Lula da Silva.

·         Democrats weigh options on healthcare, energyDemocratic leaders in the U.S. Congress face big decisions in coming weeks on how to move forward on two priorities for President Barack Obama -- energy and healthcare reform.

·         Obama reassures China on bondsPresident Barack Obama on Saturday denied there was any rift among the world's 20 leading economies on how to deal with the global financial crisis and assured China its U.S. investments were safe.

 

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