United Technologies Plans to Cut 11,600 Jobs
Major tech company feeling the crunch
United Technologies Corp., maker of Otis elevators and Carrier air conditioners, says it will slash 11,600 jobs worldwide. The company is struggling with lower sales and profits.
Chief Executive Officer of United Technologies Louis Chenevert says the company had been expecting an economic recovery during the second part [...]
Spending Bill Stalled in Senate
One-sided support
A huge spending bill is making its way through Congress, but last week Senate Majority Leader Harry Reid postponed the vote. He didn’t think he would have enough votes to pass the bill because no Republican amendments have passed. The bill needs 60 votes to pass, so it must have [...]
Economic Stimulus Update | From Online Payday Loan Source
Obama’s economic plan goes to the House
Your online payday loan source keeps you updated on the economy.
Progress is going forward on the president’s economic stimulus package. Barack Obama’s American Recovery and Reinvestment Plan will be reviewed by the House of Representatives on Wednesday.
Senate Finance and Appropriations committees, also on Wednesday, [...]
End of Bailout Not in Sight | By Online Payday Loan Source
Obama aide won’t rule out more aid
National Economic Council Head Lawrence Summers
Your payday loan source keeps you updated on the nation’s financial crisis.
The government has already allotted $700 billion to bail out the financial system and stabilize the U.S. economy. Still, Barack Obama’s top economic adviser won’t rule out the [...]
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