Republicans are not Pleased with Job Bill and proposal for Job Creation

Republican party in their media address announced that they are not happy with the job bill and President Barack Obama’s proposal of job creation. They are not ready to waste more money on the bail out plan in the name of job creation. President Barack Obama proposed to the congress that the leftover $30 billion money sanctioned for the bail out of Wall Street should be used to provide more loans to the small business owners. They named it the engine for job growth.

But the Republicans are not ready to waste any more money on bail out plan and they want the money should be used to decrease the budget deficit. They asked where is the return of the already spent billion dollar bailout plan? This is evidence of another dirty feud between the two parties regarding the most burning problem of United States.

News Source : Republicans Arguing over Obama’s proposal of Job Creation

Citigroup Makes $3 billion Profit in the Second Quarter

Citigroup has become 5th profit making large bank in the second quarter. It has made $3 billion profit in the second quarter. The market analysts had earlier predicted a huge loss in the quarter. The analysts had predicted that they are going to face 37 cents per share loss but in reality they have given profit of 49 cents per share.

In 2008 second quarter it has faced loss of $2.86 billion. The bank recently made profit of $6.7 billion after selling its majority stake at Smith Barney brokerage unit. The value of its some assets also recovered their older value of pre recession time.

This bank was considered as worst hit bank by the recession and credit crisis. The government has already given some fund as stimulus to it and the fund is now working wonder.