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Thursday, September 18, 2008

GOP lawmakers blast bailout; Dems target Bush

GOP lawmakers blast bailout; Dems target Bush

Key Republicans on Capitol Hill criticized the Treasury Department and the Federal Reserve on Wednesday for orchestrating an $85 billion bailout of insurance giant AIG. Congressional Democrats placed the blame for the crisis on the Bush administration, arguing it failed to aggressively regulate the industry

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 19
16:30 BoE MPC Vote Rate Cut 3 3 2 7
16:30 BoE Monetary Policy Summary 3
16:30 BoE Interest Rate Decision 3 4.25% 4.25% 4.25%
18:00 Employment Insurance Beneficiaries Change (MoM) 1 3.4% 0.3%
Friday, Jun 20
04:31 GfK Consumer Confidence 2 -18 -20 -20
11:30 Retail Sales ex-Fuel (MoM) 2 -0.5% 1.3%
11:30 Retail Sales ex-Fuel (YoY) 2 1.8% 5.3%
11:30 Retail Sales (YoY) 2 1.7% 5.0%
11:30 Retail Sales (MoM) 3 -0.5% 1.2%
11:30 Public Sector Net Borrowing 1 £20.155B
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