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Articles Posted by Moconservative

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  • U.S. cities seek federal help to ease economic crisis

    11/13/2008 10:28:20 PM PST · by Moconservative · 23 replies · 573+ views
    Drudge ^ | 11/14/08 | John Hurdle
    – Three major American cities buffeted by the global financial crisis are requesting at least $50 billion in federal funds to help pay for infrastructure improvements, pensions and short-term borrowing. Philadelphia, Phoenix and Atlanta are asking U.S. Treasury Secretary Henry Paulson to release funds from the $700 billion financial bailout authorized by Congress last month. Philadelphia Mayor Michael Nutter will hand-deliver the request to Paulson on Friday, spokesman Luke Butler said. Five or six other cities, including Chicago, may also sign on, Butler added.