BB&T to sell stock, repay TARP money

By SARA LEPRO
AP Business Writer
Posted: Monday, May. 11, 2009

NEW YORK Three banks that have received a clean bill of health from the government have announced plans to raise capital to help repay government funds received last fall.

U.S. Bancorp, Capital One Financial Corp. and BB&T Corp. have all announced common stock offerings, proceeds of which will be used, subject to approval, to help repay preferred stock investments the government made as part of the U.S. Treasury’s TARP Capital Purchase Plan.

http://www.charlotteobserver.com/business/story/717796.html

Congresswoman Foxx takes Democrats to task over AIG

Posted by Erick Erickson (Profile)
Wednesday, March 18th at 10:04PM EDT
24 Comments
If you only see one video on the internet today, or if you only want to listen to one sound bite on the internet, this is the one you must play.

Republicans in Congress today pushed to the floor of the House of Representatives legislation that would stop AIG from using taxpayer money to pay out its executives’ bonuses. The Democrats killed the legislation.

Outraged, Congresswoman Foxx (R-NC) took to the floor to demand that Congresswoman Kilroy (D-OH) explain why Kilroy and the Democrats would not stop AIG from paying out the bonuses.

Kilroy flat out could not offer up any answer. Making it more delightful, Foxx refused to back down until she had an answer. Hilarity ensued.

Foxx: No to MOre Spending

Congresswoman Virginia Foxx today voted in opposition to a massive spending bill that once again increases federal government spending at a time of record budget deficits. “The federal budget is growing by 8.3 percent, while family budgets are shrinking,” Foxx said in a news release. “At a time when Americans are tightening their belts, Washington is on a reckless spending spree. This is irresponsible.” When the spending legislation passed before the end of 2008 is factored in, federal discretionary spending will reach $1.01 trillion for 2009. This is the first time in U.S. history that the federal discretionary budget has passed the $1 trillion mark. Additionally, federal agencies lucky enough to get money from both this spending legislation and the recently-enacted stimulus bill are about to see their funding jump by 80 percent—nearly doubling some agencies’ budgets in a single year. In a related vote today Foxx voted in favor of legislation that would help to clean up the Congressional earmark system. The legislation would be a first step towards requiring members of Congress to list campaign contributions that serve as a financial interest in lawmakers’ earmark requests. posted by Newsroom # 1:04 PM

http://12403wc.blogspot.com/2009/02/foxx-no-to-more-spending.html

Where are the bailout’s billions?

Christina Rexrode
crexrode@charlotteobserver.com

Posted: Friday, Feb. 20, 2009

As the government’s authority in the banking industry continues to grow, the hottest debate is over how banks are spending federal funds

But even more fundamental is the issue of which banks will receive Uncle Sam’s money

http://www.charlotteobserver.com/597/story/548540.html

North Carolina to spend big part of stimulus money on Medicaid

THE ASSOCIATED PRESS

Published: February 14, 2009

RALEIGH

North Carolina is expecting to receive $6.1 billion from the $787 billion federal stimulus package, with the biggest chunk — about $2.35 billion through 2011 — helping the state to provide Medicaid health insurance for low-income residents, according to preliminary figures compiled before the bill passed Congress yesterday.

http://www2.journalnow.com/content/2009/feb/14/north-carolina-to-spend-big-part-of-stimulus-money/news-ncpolitics/

Perdue ready to put N.C.’s part of the stimulus money to work

THE ASSOCIATED PRESS

Published: February 17, 2009

RALEIGH

Gov. Bev Perdue said yesterday that she is preparing to spend North Carolina’s slice of an economic stimulus plan quickly, hoping to infuse the money into projects to get people to work and get the attention of Washington.

http://www2.journalnow.com/content/2009/feb/17/perdue-ready-to-put-ncs-part-of-the-stimulus-money/news-regional/

Wilkesboro approves incentive cash for Tyson if it meets goal

By Monte Mitchell

JOURNAL REPORTER

Published: February 17, 2009

WILKESBORO

Town commissioners unanimously approved giving a $17,000 cash incentive to Tyson Foods Inc. if the company meets increased production goals at its Wilkesboro plant.

Town leaders said they also want to send a clear message to Tyson, both locally and at its Springdale, Ark., headquarters, that people here value Tyson’s contributions to Wilkesboro and the area.

http://www2.journalnow.com/content/2009/feb/17/wilkesboro-approves-incentive-cash-for-tyson-if-it/

Stimulus: House and Senate vote Friday

The House will vote early Friday on a revamped stimulus plan, followed by the Senate later in the day.

EMAIL  |   PRINT  |   SHARE  |   RSS

Last Updated: February 12, 2009: 9:01 PM ET

WASHINGTON (CNN) — The Senate plans to vote on the $789 billion compromise stimulus late Friday after an all day debate, Majority Leader Harry Reid said Thursday from the chamber floor.

http://money.cnn.com/2009/02/12/news/economy/stimulus_revamp/?postversion=2009021221

Shuler hits Democratic leaders on bipartisanship

By MIKE BAKER Associated Press Writer

Published: Monday, February 9, 2009 at 1:56 p.m. 
Last Modified: Monday, February 9, 2009 at 1:56 p.m.

RALEIGH, N.C. - Democratic Rep. Heath Shuler said Monday that his party’s leadership on Capitol Hill has failed to pursue a bipartisan compromise to a costly economic stimulus package, arguing that a lack of Republican support is eroding the program’s credibility.

http://www.starnewsonline.com/article/20090209/APN/902091472

Foxx: Stimulus Borrowing, Printing Money, and the House GOP Plan

The economic stimulus package continues to wind its way through Congress, with President Obama holding events in several parts of the country to encourage its passage. But the plan relies heavily on proposals that mortgage out future — much of it to other countries, according to fifth-district Congresswoman Virginia Foxx: 
 
House Republicans have offered a counter plan, which relies on tax cuts instead of massive government borrowing and spending to bolter the economy. IN addition,t he GOP plan would take effect now, while non-partisan analysts indicate the bulk of the benefit to the plan being advanced by the majority shows it would benefit the economy most in 2010, an election year: 
 
We’ll have further comments from Representative Virginia Foxx in future 3WC newscasts.

posted by Newsroom  # 6:12 AM

http://12403wc.blogspot.com/2009/02/foxx-stimulus-borrowing-printing-money.html