{"id":10163,"date":"2009-03-23T00:00:00","date_gmt":"2009-03-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"latest-economic-recovery-plan-hits-1-trillion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/latest-economic-recovery-plan-hits-1-trillion.html","title":{"rendered":"Latest economic recovery plan hits $1 trillion"},"content":{"rendered":"<p>10 News &#8211; Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown seen last month. <\/p>\n<div \/>\n<p class=\"inside-copy\">Then, Treasury Secretary Timothy Geithner disappointed by giving only broad outlines of the government&#8217;s approach to kick-start lending and the overall economy. With the sharp market plunge that followed Geithner&#8217;s speech on Feb. 10 still a fresh memory, administration officials Sunday sought to temper expectations for Monday&#8217;s announcement. &quot;Ridding bank balance sheets of problem assets is the next step in that process of fixing the financial system, but it alone won&#8217;t solve the credit problem,&quot; Treasury Department spokesman Andrew Williams says.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.tampabays10.com\/money\/costing\/story.aspx?storyid=102769\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10 News &#8211; Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6755,4301,8002,4602,9396,4504,9398,9448,6358,9399,9449,9447,4012,4165,2341,236,9397],"class_list":["post-10163","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-administration-officials","tag-balance-sheets","tag-bank-balance","tag-economy","tag-international-partners","tag-investors","tag-john-rutledge","tag-market-plunge","tag-memory","tag-private-equity-investment-firm","tag-problem-assets","tag-stock-meltdown","tag-temper","tag-treasury-department","tag-treasury-secretary","tag-trillion","tag-uk-london"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10163"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10163\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}