Obama Administration Will Not Cap Executive Pay

June 11, 2009


The administration will reportedly not impose limits on pay to corporate executives. Wired PR News – The Obama administration reportedly has no plans to cap the pay of corporate executives. As reported by the Associated Press (AP), despite the belief that excessive compensation has played a significant role in the current financial crisis, such limits […]

Social Security and Medicare Hurt By Recession

May 14, 2009


Finances for Social Security and Medicare are quickly depleting due to the recession. Wired PR News – Social Security and Medicare funds are reportedly quickly depleting due to the recession. As reported by the Associated Press (AP), the government announced on Tuesday that funds for both are expected to become bankrupt sooner than formerly predicted. […]

Obama to Meet with Financial Regulators

April 10, 2009


The president is set to meet Friday with financial regulators about stress tests. Wired PR News – President Barack Obama is set to meet with financial regulators Friday in regards to stress tests for banks. As reported by Reuters, the President will discuss a range of topics with a group of regulators and advisors including […]

Geithner Denies White House CEO Tiptoeing Allegations

April 6, 2009


The Secretary Treasury says the government is not evading putting limits on CEO pay. Wired PR News – Timothy Geithner, U.S. Secretary Treasury, stated on Sunday that the White House was not trying to assist companies with tiptoeing around limiting executive pay. As reported by Reuters, Geithner remarked in an interview with CBS’s “Face the […]

Stocks Surge After News of Bank Assets Plan

March 25, 2009


The Dow saw huge jumps after the White House released news of their toxic bank assets plan.Wired PR News – Wall Street investors reacted positively to White House news on Monday regarding a plan for dealing with bad bank assets. As reported by the Associated Press (AP), the Obama administration will purportedly take over an […]

Obama Talks AIG on Leno

March 20, 2009


The president tells the talk show host that he is stunned by the insurance giant’s bonus payouts. Wired PR News – President Barack Obama appeared on “The Tonight Show” Thursday as the first sitting president to guest on the program. As reported by the Associated Press (AP), Obama stated to the show’s host Jay Leno […]

Obama Speaks Out Over AIG Executive Payouts

March 17, 2009


The president vows to stop the company from paying out high executive bonuses. Wired PR News – President Barack Obama has expressed intentions to stop insurance giant AIG from paying out high bonuses to executives. As reported by the Associated Press (AP), Obama stated on Monday that he would attempt to block the company from […]

Obama Tax Plan Opposition

March 4, 2009


Republicans demonstrate stern opposition to Obama’s tax increases for the wealthy and greenhouse gas polluters. Wired PR News.com – President Barack Obama’s proposed tax hikes were met with strong opposition on Tuesday. As reported by the Associated Press (AP), Republicans in Congress as well as some Democrats opposed the increases expressing views that they might […]

Stocks Fall After Tuesday Treasury Announcement

February 10, 2009


Investors react with frustration over the lack of details in Treasury Secretary Geithner’s announcement of the government’s bank recovery plan. WiredPRNews.com – Investors showed their frustration with continued uncertainty on how the government will restore the financial health of the banking system on Tuesday. As reported by the Associated Press (AP), many investors decided to […]

Wall Street Awaits Stimulus News

February 9, 2009


Wall Street remains hopeful that stimulus passing will boost market. Wired PR News.com – Wall Street anticipates getting a boost from the passing of a new stimulus bill, as investors await to hear more news. As reported by the Associated Press (AP), analysts predict that the government’s passing of the stimulus plan, which Congress is […]

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