December 29th in US History
Part V
Part V
On December 29th in 2005 US Treasury chief Snow said Congress must raise the debt ceiling, now at $8.18 trillion, by mid-February to keep the government running.
On December 29th in 2006 US regulators gave final approval for the $86 billion merger between AT&T and BellSouth, the biggest merger in telecommunications history.
On December 29th in 2008 The US federal government approved $6 billion in aid to GMAC LLC, the financing company vital to the future of General Motors.
On December 29th in 2008 Citigroup Inc said it is injecting $800 million of new capital into its South Korean banking arm, joining other banks in efforts to shore up their financial bases.
On December 29th in 2009 The US Treasury Dept. pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer funded Capital Purchase Program.
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