A report out today from the special inspector general who oversees the 2008 bank bailout known as TARP has some bad news about small banks. He says more than 300 small banks that borrowed money from the federal government during the financial crisis have yet to pay it back.
There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.
The payroll processing company ADP said the U.S. private sector added 209,000 jobs last month, a sign that job growth has yet to be affected by high gas prices. The seeming recovery has also led the Fed to announce it will ease off with quantitative easing.