TIMELINE: Financial crisis since December

Here is a timeline of the financial crisis since December:

December 1 - The U.S. economy slipped into recession in December 2007, says the National Bureau of Economic Research, a pres ...[more]

Geithner urges reform of U.S. financial rescue plan

"Our test is to act with the strength, speed and care necessary to get our economy back on track," Geithner said in testimony prepared for delivery at a Senate Finance Committee hearing. The ...[more]

Reid says Geithner will win Senate approval

Obama's top economic Cabinet member needs full confirmation to start work tackling a financial crisis threatening to worsen a yearlong recession as job losses mount.

With an 18-5 vote ...[more]

Obama's strong dollar policy may be for real

Less than 48 hours after Barack Obama became president, his choice for U.S. Treasury secretary, Timothy Geithner, said a strong dollar is in the United States' interest.

That phrasing ...[more]

Obama supports more say for emerging nations in IMF

"We need to send a strong signal that we are ready to give developing countries a voice within the IMF that is commensurate with their importance to the world economy," Geithner said in writt ...[more]

Panel clears Geithner for full Senate vote

With an 18-5 vote, the panel largely overlooked Geithner's underpayment of $34,000 in taxes, clearing the way for a full Senate confirmation vote that Senate Majority Leader Harry Reid said h ...[more]

Jobless claims surge and housing starts tumble

The worst financial crisis since the Great Depression of the 1930s is forcing companies to slash jobs, creating a vicious cycle for an economy mired in a year-long recession.

This was ...[more]

U.S. Sen. Grassley says won't block Geithner

"We said we were not going to be a part of holding it up ... it's something that ought to be decided soon," Sen. Charles Grassley of Iowa told reporters. Grassley voted in the Senate Finance ...[more]

U.S. Sen. Grassley says won't block Geithner

"We said we were not going to be a part of holding it up ... it's something that ought to be decided soon," Sen. Charles Grassley of Iowa told reporters. Grassley voted in the Senate Finance ...[more]

Obama believes China manipulating yuan: Geithner

Washington will "aggressively" use all its diplomatic tools to press Beijing to move faster on currency reform, New York Federal Reserve Bank President Geithner said in response to written qu ...[more]

Decoupled no more, emerging investors watch U.S

Emerging markets might have seen booming domestic demand and been trading more with each other than ever before, but with developed demand -- particularly U.S. demand -- taken out of the equa ...[more]

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