Jan. 7 (Bloomberg) — The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.
AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed …

WASHINGTON — Some married couples would pay thousands of dollars more for the same health insurance coverage as unmarried people living together, under the health insurance overhaul plan pending in Congress.
The built-in “marriage penalty” in both House and Senate healthcare bills has received scant attention. But for scores of low-income and middle-income couples, it could mean a hike of $2,000 or more in annual insurance premiums the moment they say “I do.”
The disparity comes about in part because subsidies for purchasing health insurance under the plan from congressional Democrats are …

In a state of the state speech, the governor said creating jobs was the top priority for his last year in office and proposed spending $500 million in worker training funded by part of the budget which is in surplus.
He also laid out ambitious reforms for the final year of his term — almost certain to include months of budget battle.
Schwarzenegger on Friday will present his plan to close a budget hole that reflects the problems of the boom and bust California economy. The U.S. economic engine faces deteriorating finances …

WASHINGTON – President Barack Obama signaled to House Democratic leaders Wednesday that they’ll have to drop their opposition to taxing high-end health insurance plans to pay for health coverage for millions of uninsured Americans.
In a meeting at the White House, Obama expressed his preference for the insurance tax contained in the Senate’s health overhaul bill, but largely opposed by House Democrats and organized labor, Democratic aides said. The aides spoke on condition of anonymity because the meeting was private.
House Democrats want to raise income taxes on high-income individuals instead and …

Sen. Ben Nelson said Tuesday it was a mistake for the Obama Administration to take on massive health care reforms in 2009, and suggested efforts would have been better spent addressing the economy.
Nelson, who provided the crucial 60th vote to advance the bill toward Senate passage on Dec. 19, has been active ever since trying to explain his actions to Nebraskans. Ads have aired on television and Nelson is making the rounds with the state’s media.
He requested Tuesday’s interview with the Tribune.
“I think it was a mistake to take health …

INDIANAPOLIS – Indiana Democratic House Speaker Patrick Bauer isn’t predicting the fate of legislation that could lead to caps on property tax bills being amended into the constitution.
The resolution was passed in 2008, but the same exact one must pass the House and Senate this session for voters to decide the issue in the November election.
Bauer says the resolution might get a chance to advance in his chamber on Thursday. That would make it eligible for passage in the House next week. But Bauer says he hasn’t ruled anything out …

INDIANAPOLIS (WISH) – Thousands of Indiana businesses are behind on paying their sales taxes and the state is using the Web to call them out. The Indiana businesses are all on the Indiana Department of Revenue’s Web site .
The site lists some 27,000 businesses in the state that have not paid their sales taxes. In Marion County alone, some 3,900 businesses are on the list.
The businesses listed in Marion County include Burlington Coat Factory, La Hacienda Mexican Restaurant at Washington Square Mall, Hot Box Pizza near IUPUI and Indy …