Martin Crutsinger

February 01, 2010 | Daily Report Online

WASHINGTON AP - President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.

By MARTIN CRUTSINGER

8 minute read

February 14, 2011 | Daily Report Online

President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.Obama's new budget projects that the deficit for the current year will surge to an all-time high of $1.65 trillion. That reflects a sizable tax-cut agreement reached with Republicans in December.

By Martin Crutsinger

6 minute read

September 07, 2010 | Daily Report Online

Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.Nationally, unemployment, foreclosure and bankruptcy rates didn't budge from June. Yet the economic pain varied among localities, depending on their economic bases.

By MARTIN CRUTSINGER and MIKE SCHNEIDER

5 minute read

September 19, 2008 | Daily Report Online

WASHINGTON AP-The Treasury Department and the Federal Reserve announced separate actions Friday designed to bolster $2 trillion of assets in money market funds, which had come under threat from one of the worst financial crises in decades.The Treasury said it will tap into a $50 billion fund created during the Depression to provide guarantees for the money market assets.

By MARTIN CRUTSINGER and MARK JEWELL

5 minute read

April 10, 2007 | Law.com

The Bush administration announced Monday it is filing two new trade cases against China over copyright piracy and restrictions on the sale of American movies, music and books there. The two cases are being brought before the World Trade Organization, and represent the latest move by the administration to respond to growing political pressure to do something about soaring U.S. trade deficits. Filing the cases with the WTO will trigger a 60-day negotiation period between the two countries.

By Martin Crutsinger

2 minute read

April 12, 2006 | Law.com

The Bush administration said Tuesday that China has agreed to crack down on copyright piracy of American computer programs as part of an effort to reduce a record $202 billion trade gap. The administration said the Chinese have agreed to require that computers use legal software and to step up enforcement of intellectual property rights. They also pledged to close Chinese optical disk plants that are producing pirated CDs and DVDs.

By Martin Crutsinger

2 minute read

April 26, 2010 | Legaltech News

The U.S. Treasury and Federal Reserve have designed a high-tech makeover of the $100 bill complete with disappearing Liberty Bells and magical ribbons. It's all part of an effort to stay ahead of counterfeiters as copying technology becomes more sophisticated and more dollars flow overseas.

By Jeannine Aversa and Martin Crutsinger

4 minute read

December 06, 2007 | The Legal Intelligencer

The Bush administration has developed a plan to freeze interest rates for five years for thousands of strapped American homeowners whose mortgages were scheduled to rise in the coming months.

By MARTIN CRUTSINGER

4 minute read