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Maserati recalls 7,438 vehicles
WASHINGTON, Nov. 10 (UPI) -- The White House said U.S. Treasury Secretary Timothy Geithner would remain at his post at least until President Obama's second inauguration on Jan. 21.
"Secretary Geithner has indicated he'll stay on through inauguration and he will be a key participant in the negotiations around the so-called fiscal cliff issue," White House press secretary Jay Carney said.
"The president very much appreciates that."
Geithner will focus in his last months in office on preventing what has come to be known as the fiscal cliff -- a combination of mandated federal spending cuts and the end of income tax rate cuts enacted during the administration of President George W. Bush that will come to a head Jan. 2, CNNMoney reported Saturday.
Many economists say allowing the spending cuts to occur and the tax rates to rise would plunge the economy into a recession, one that might be far worse than the Great Recession that ended in June 2009.
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OSLO, Norway, May 24 (UPI) --
Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
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LEIDEN, Netherlands, May 24 (UPI) --
With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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