Obama advisers: US financial crisis will cost more

By
February 5, 2009 00:28

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

President Barack Obama's closest economic advisers are signaling that the financial crisis will require more money and more US government intervention to correct. Paul Volcker, chairman of the president's Economic Recovery Advisory Board, told senators it is going to cost "lots more billions of dollars" to deal with the meltdown. Earlier, Treasury Secretary Timothy Geithner said the government will have to do "substantially more" to address the crisis. The blunt predictions came as the administration is preparing to unveil a new framework for how to assist banks and other financial institutions with the unspent money in a $700 billion financial bailout fund. Congressional Democrats have cautioned the administration not to seek more bailout money.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Kosovo President Hashim Thaci speaks during interview in Pristina, Kosovo August 14, 2018
September 21, 2018
Kosovo will open embassy in Jerusalem if recognized, president says

By CASSANDRA GOMES-HOCHBERG