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Sallie Mae Awarded Government Loan-Servicing Contract

Posted: 06/18/2009 - The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government.

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Chrysler To Restart 7 Assembly Plants

Posted: 06/17/2009 - Chrysler Group LLC says it will resume making vehicles at seven of its North American factories starting June 29.

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Money Matters

Posted: 06/17/2009 - What is home owner's insurance and what you should look for when it comes to purchasing a policy for your home and property.

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President Obama Cites Decades Of Mistakes Behind Recession

Posted: 06/17/2009 - President Barack Obama is offering a broad-scale overhaul of the financial system, saying hard times struck largely because a post-Depression era business regulatory scheme couldn't keep up with an increasingly global economy.

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Romer, Boehner, Debate New Financial Regulations

Posted: 06/17/2009 - White House adviser Christina Romer says President Barack Obama's proposal to overhaul the financial regulatory system in this country must be accepted because "the status quo is not an option."

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Bernanke Says Community Firms Must Stay Viable

Posted: 06/17/2009 - In prepared remarks to a financial literacy conference, Bernanke says: "Economic recovery, like economic development, is a bottom-up as well as a top-down process."

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Current Account Trade Deficit Drops To $101.5 Billion

Posted: 06/17/2009 - The deficit in the broadest measure of trade has plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods.

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Administration Rejects Auto Supplier Aid Request

Posted: 06/16/2009 - The Obama administration has turned down a request by auto suppliers for an additional $8 billion to $10 billion in aid to help them deal with the bankruptcies of General Motors and Chrysler.

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Chrysler Restarts First Plant

Posted: 06/15/2009 - Chrysler LLC says it has restarted a small factory that makes the Viper sports car.

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Citigroup CEO: Accept New World Of Tighter Credit

Posted: 06/15/2009 - Citigroup Inc. Chief Executive Vikram Pandit says borrowers should accept a new world of tighter credit as financial institutions recover from months of bad loans, failed banks and foreclosed homes.

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Treasury: Lending By Bailout Banks Fell In April

Posted: 06/15/2009 - The Treasury Department says the value of loans held by the 21 largest institutions getting federal bailout support fell in April, the fifth decline in six months.

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