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History shows us what happened during the financial crisis of 2007-08. To avoid a damaging recession, the Federal Reserve lowered the Federal funds rate...
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History shows us what happened during the financial crisis of 2007-08. To avoid a damaging recession, the Federal Reserve lowered the Federal funds rate...
Exelon CEO Chris Crane said its difficult to make a case for a grid emergency in the PJM Interconnection when there are so many...
In a draft memo obtained by Bloomberg News, the Department of Energy may order grid operators to buy electricity from coal and nuclear plants...
A new 7 billion euro package means Greece has enough money to allow its banks to reopen after more than two weeks and to...
Greece will on Wednesday present a revised bailout request that will “take into account” the concerns of international creditors, a government official said. The...
Eurozone finance ministers declined to extend Greece’s bailout Tuesday hours before its expiry and a possible IMF default but talks will continue Wednesday after...
Greece’s prime minister Alexis Tsipras said Tuesday that the country “cannot return to an age of bailouts and suppression,” ahead of critical talks with...
In a stunning development, the U.S. Senate dealt a fatal blow to the auto bailout proposal: Democrats and Republicans in the Senate were unable...
Citigroup announced it will buy Wachovia’s banking operations for $2.1 billion in stock. It will also assume another $53 billion in debt. Federal Chairman...