Natalie Erlich is a writer/producer at CNBC.com where she reports on retail, housing and other financial news. She previously covered the London bombings, Hurricane Katrina and Supreme Court hearings at NBC's Investigative Unit in Washington. She is a master's candidate at the Columbia Journalism School.
Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].
Banks were pressured to take government bailout funds under the Troubled Asset Relief Program whether they wanted to or not, said Bill Cooper, the chairman and CEO of TCF Financial.
With the failure of Guaranty Bank of Austin, the list of U.S. bank failures for 2009 has swelled to 81, and Rochdale Securities analyst Richard Bove sees that number rising to between 150 and 200 before the financial crisis is over.
Although the U.S. economy is losing jobs at a slower rate, unemployment could still exceed 10 percent, said Tig Gilliam, CEO of staffing company Adecco North America.
As flu season goes into high gear in the southern hemisphere, the U.S. Dept. of Homeland Security is preparing for a potential flu outbreak in the United States, according to its top official.