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Banks, Investment Firms Draw Less From Fed

Posted: 03/12/2009 - The Federal Reserve says commercial banks and investment firms borrowed less over the past week from its emergency lending program.

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Stimulus Package Money To Weatherize CO Homes

Posted: 03/12/2009 - Colorado families will receive nearly $130 million to make their homes more energy efficient as part of the American Recovery and Reinvestment Act.

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Biden Warns States To Spend Stimulus Bucks Wisely

Posted: 03/12/2009 - Vice President Joe Biden says states that misuse money from President Barack Obama's $787 billion economic stimulus package shouldn't look to the federal government for help again for a long time.

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Lawmaker: Congress Will Act On Accounting Rules

Posted: 03/12/2009 - A senior House lawmaker says Congress will have to act to improve accounting rules that force banks to value assets at current prices unless regulators immediately do so.

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Madoff Pleads Guilty To All 11 Charges

Posted: 03/12/2009 - Bernard Madoff has pleaded guilty to charges that he carried out an epic fraud that robbed investors worldwide of billions of dollars.

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Tom Brokaw Will Hit The Road To Report On Economy

Posted: 03/11/2009 - Now, he's signed on for a USA Network project that'll have him traveling along U.S. Highway 50 in the coming months, reporting on the economic crisis and Americans' reaction to the first year of the Obama administration.

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Colorado Unemployment Rises Again

Updated: 03/11/2009 - We all know someone who's lost a job lately. The national unemployment rate is at it's highest in 25 years at 8.1 percent. In Colorado, the numbers are also up. In January the unemployment rate reached 6.6 percent and the numbers in southern Colorado are even worse.

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Congress Approves Massive Spending Bill

Updated: 03/10/2009 - $410 billion spending bill to keep the government running for the rest of the fiscal year is on its way to President Barack Obama for signing into law. The measure cleared the Senate Tuesday night despite grumbling about so-called pet projects.

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Geithner Says Toxic Asset Plan Close To Finished

Posted: 03/10/2009 - Treasury Secretary Timothy Geithner says that within the next couple of weeks the administration will unveil its plan for dealing with the toxic assets that lie at the heart of the current financial crisis.

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Saving Customers Money = Business Boom In The Springs

Updated: 03/10/2009 - We are all looking for ways to save a few bucks these days and there are some businesses out there that we've found can help. And that, is what's helping their business boom in a bad economy.

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Obama Auto Panel Meets At White House

Posted: 03/06/2009 - The Obama administration's auto industry task force was meeting Friday to review the status of General Motors Corp. and Chrysler LLC, which are surviving on $17.4 billion in loans.

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Colorado Gets $29.8 Million For Law Enforcement

Posted: 03/06/2009 - Of that $29.8 million allocated to Colorado, El Paso County will get $621,526 and Colorado Springs will get $133,6258. Pueblo County will be allocated $24,374 and the city of Pueblo will be given $460,164.

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Frontier Airlines Gets $40 Million Financing Commitment

Posted: 03/05/2009 - Frontier Airlines Holdings Inc. says Republic Airways Holdings Inc. has committed to provide it with $40 million in debtor-in-possession financing, subject to bankruptcy court approval.

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TCF Plans To Give Fed Money Back

Posted: 03/03/2009 - TCF Financial Corp. plans to return more than $361 million it received from the federal government four months ago, saying "the rules have definitely changed" since it accepted the money.

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