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Front Page: Obama Readies $75 Billion Housing Rescue

  • After signing the $787 billion stimulus bill, President Obama unveiled a new $75 billion housing program that will cut mortgage payments for millions facing foreclosure. — Reuters
  • General Motors says it needs as much as $16.6 billion in new loans from the US government to survive. — Bloomberg
  • After arriving in Indonesia, Secretary of State Hillary Clinton said the US seeks to deepen relations with the Islamic world. — Wall Street Journal
  • Hundreds of people in Antigua lined up to withdraw cash from a bank, after its Texas billionaire baker Allen Stanford was charges with $8 billion fraud. Antigua's prime minister urged the public to remain calm. — Business Week
  • In a press conference yesterday, Alex Rodriguez answered questions about his drug use, offering many more details than players previously under a cloud of steroid use. — ESPN
  • Zimbabwe will pay 130,000 government workers in US dollars to help revived the hyperinflation-ravaged country. — BBC News


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