On February 10th in US History
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Page VII
On February 10th in 2009 - Timothy Geithner, US Treasury Secretary, outlined the government stimulus package. As much as $2.5 trillion, including $350 billion from the bailout fund, would come from the Federal Reserve and private investors. The US Senate approved an $838.2 billion stimulus bill with 3 Republicans joining Democrats in the 61-37 vote.
On February 10th in 2009 - The US Postal Service announced that the price of a first-class stamp will rise to 44 cents on May 11. The Postal Service said it lost $2.8 billion last year and, unless the economy turns around, is headed toward much larger losses this year.
On February 10th in 2009 - General Motors Corp. said it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry's history.
On February 10th in 2010 - The US Treasury Department said it was freezing the assets in US jurisdictions of Revolutionary Guard Gen. Rostam Qasemi and four subsidiaries of a previously penalized construction firm he runs because of their alleged involvement in producing and spreading weapons of mass destruction.
On February 10th in 2010 - Charlie Wilson, former Texas congressman (1973-1996), died. His deal-making funneled millions of dollars in weapons to Afghanistan to back rebels fighting the Soviet Army. He was also known as “Good Time Charlie”.
On February 10th in 2011 - The US computer security firm McAfee Inc said in a report that hackers working in China over the last 2-4 years broke into the computer systems of 6 European and US energy companies to steal bidding plans and other critical proprietary information.
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