BB&T to sell stock, repay TARP money

May 11, 2009

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.

Congresswoman Foxx takes Democrats to task over AIG

March 18, 2009

Posted by Erick Erickson (Profile)
Wednesday, March 18th at 10:04PM EDT
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

February 27, 2009

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

Where are the bailout’s billions?

February 20, 2009
Christina Rexrode

North Carolina to spend big part of stimulus money on Medicaid

February 17, 2009

Published: February 14, 2009


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.

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

February 17, 2009

Published: February 17, 2009


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.

Wilkesboro approves incentive cash for Tyson if it meets goal

February 17, 2009

By Monte Mitchell

Published: February 17, 2009


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.