• 66°

Democrats wants pay limits, loan aid in bailout

By JULIE HIRSCHFELD DAVIS and MARTIN CRUTSINGER
Associated Press Writer

WASHINGTON (AP) – Senate Democrats are proposing to add government help for homeowners and limits on executive compensation to the government’s $700 billion financial bailout of Wall Street.

A draft of the plan obtained Monday by The Associated Press shows that Senate Banking Committee Chairman Chris Dodd also wants the government to get a stake in the companies helped by the unprecedented rescue.

The measure would end the program at the end of next year, instead of creating a two-year initiative as the Bush administration has requested. It also would add layers of congressional oversight, including an emergency board to keep an eye on the program with two House and Senate appointees.

Comments

Comments closed.

High School

North Rowan romps into second round of football playoffs

Nation/World

FBI had interviewed former FedEx employee who killed eight

Crime

Gastonia man sentenced for crash into restaurant that killed his daughter, daughter-in-law

Nation/World

Some call for charges after video of police shooting 13-year-old in Chicago

Business

State unemployment rate falls to 5.2% in March

Coronavirus

NASCAR approach to virus vaccine varies greatly

News

Judge rejects Cherokee challenge against new casino in Kings Mountain

Elections

Jackson tops NC Senate fundraising; Walker coffers also full

Local

Kiwanis Pankcake Festival serves thousands of flapjacks for charity

Coronavirus

Rowan remains in state’s middle, yellow tier for COVID-19 community spread

Crime

Blotter: Man faces sexual exploitation charge for images on Instagram

News

Defendant convicted in attempted murder case on the run after fleeing from trial

Business

Downtown Gateway Building to be renamed for late Paul Fisher

Coronavirus

Rowan County COVID-19 data for April 15

Local

Rep. Warren’s bill would prohibit parking in electric vehicle charging stations

Local

Historic Preservation Commission approves Integro Technologies expansion, Paint the Pavement project

Education

Faith Academy, RSS will negotiate over what goes, stays in elementary school

Crime

Teacher killed in Alamance County shootout with Mexican drug cartel

Coronavirus

Bill would give more tax breaks on COVID-19 loans

Nation/World

No response as divers knock on capsized ship’s hull

Local

Quotes of the week

Crime

Blotter: Man found on church property with litany of drugs

Crime

Man charged in connection to 2019 overdose death

Business

‘It’s our big time’: Salisbury Farmers Market reopens Saturday