Federal Bailout Funds

WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...

ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government...

WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year. Last month, the Treasury sold about $156.4 million worth of its...

Those enamored with the idea of public-private partnerships, such as the one being discussed for the Washington County Economic Development Commission, might pay close attention to the county’s ultimate public-private partnership: The one it...

  Although Hurricane Sandy's devastation was mild in Somerset County compared with the storm-ravaged Eastern Seaboard, federal assistance appears to be on the way for several local municipalities and agencies.   Representatives from 12 local...

Hey there behemoth insurer, American International Group! Allow me to speak for nearly all Americans left, right, and center when I say get f***ed and go f***ing f*** yourself. Sorry, I usually try to keep such language to a minimum on this blog, but...

WASHINGTON (AP) — Conservatives and watchdog groups are mounting a "not-so-fast" campaign against a $50.7 billion Superstorm Sandy aid package that Northeastern governors and lawmakers hope to push through the House this coming week. Their...

In a move that will help some 800 Maryland families affected by the effects of Hurricane Sandy, Congress approved $10 billion in emergency funding Friday for the federal flood insurance program. The hastily scheduled votes came in response to criticism...

The top 10 stories of 2011 included limitations on skateboarders; an arrest for alleged rapes and sexual assaults; flood recovery; Marine Life Protection Act implementation delay in Laguna; the Heisler Park renovation; the Resource Center pulling out from...

WASHINGTON -- The Treasury Department said Tuesday it would raise $7.6 billion in the sale of its final shares of American International Group, ending the controversial bailout of the insurance giant with a $22.7-billion profit. The department agreed to...

A $60 billion emergency spending bill that would provide federal aid to states still recovering from Hurricane Sandy would guarantee additional money for Maryland and subtly change the way administration officials determine eligibility for disaster relief...

Democrat Bob Casey urged a federal emergency official to reimburse Pennsylvania for the state's Hurricane Sandy preparations on Wednesday and Republican Pat Toomey is pushing back against a $60.4 billion aid bill he says is excessive. To be sure, Toomey...