Banks to repay U.S., and more
In a sign that strains on the U.S. banking system are easing, the Obama administration will allow 10 banks to repay $68.3 billion granted them under TARP.
A free daily digest of the biggest news stories of the day - and the best features from our website
Thank you for signing up to TheWeek. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.
Banks to repay U.S.
In a sign that strains on the U.S. banking system are easing, the Obama administration will allow 10 banks to repay $68.3 billion granted them under the Troubled Asset Relief Program. The banks, including JPMorgan Chase and Goldman Sachs, received the loans at the height of last year’s financial crisis. Critics said that by allowing the banks to repay the money, the government loses the leverage to force changes in the way the banks operate.
War contracting faulted
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The U.S. wasted as much as $13 billion on construction and other contracts in Afghanistan and Iraq, a bipartisan congressional commission concluded. The commission blamed inadequate oversight by an understaffed auditing branch. In one case, the U.S. paid millions to contractors who built housing for U.S. commanders in Afghanistan, even though fixtures were broken, plumbing did not function, and ceilings were unfinished.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.
Sign up to our 10 Things You Need to Know Today newsletter
A free daily digest of the biggest news stories of the day - and the best features from our website
-
Why is the government on the brink of a shutdown?
Today's Big Question GOP infighting is bringing the country to a standstill, but even Republicans aren't entirely sure why
By Rafi Schwartz Published
-
Today’s political cartoons — September 29, 2023
Friday's cartoons - Biden's dog bite incident, the government shutdown and more
By The Week Staff Published
-
'A teetering democracy of gerontocrats?'
Instant opinion Opinion, comment and editorials of the day
By Harold Maass Published
-
Will the cannabis banking bill get the Senate's green light?
Talking Point The SAFER Banking Act is advancing to the US Senate for the first time, clearing a major hurdle for legal cannabis businesses. Does it stand a chance?
By Theara Coleman Published
-
Trump surrenders in Georgia election subversion case
Speed Read
By Catherine Garcia Published
-
Rep. Hakeem Jeffries chosen to succeed Pelosi as leader of House Democrats
Speed Read
By Brigid Kennedy Published
-
GOP leader Kevin McCarthy's bid for House speaker may really be in peril
Speed Read
By Peter Weber Published
-
Are China's protests a real threat for Beijing?
opinion The sharpest opinions on the debate from around the web
By Harold Maass Published
-
Who is Nick Fuentes, the white nationalist who dined with Trump and Kanye?
Speed Read From Charlottesville to Mar-a-Lago in just five years
By Rafi Schwartz Published
-
Jury convicts Oath Keepers Stewart Rhodes, Kelly Meggs of seditious conspiracy in landmark Jan. 6 verdict
Speed Read
By Peter Weber Published
-
A look at the White House's festive and homey holiday decor
Speed Read
By Brigid Kennedy Published