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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
Tuesday, Apr 15
03:30 Fed's Harker speech 2
04:15 Food Price Index (MoM) 1 0.5% -0.5%
04:31 BRC Like-For-Like Retail Sales (YoY) 2 0.9% 0.5% 0.9%
05:10 Fed's Bostic speech 2
07:00 RBA Meeting Minutes 3
11:30 Employment Change (3M) 3 144K
11:30 ILO Unemployment Rate (3M) 3 4.4% 4.4%
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.7% 5.8%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 6.0% 5.9%
11:30 Claimant Count Rate 2 4.7%
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