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Butler County's great daily newspaper

IN BRIEF

WASHINGTON — The Federal Reserve agreed to provide insurance giant American International Group with a loan of up to $37.8 billion, on top of one made to the troubled company last month.

Under the new program, the Federal Reserve Bank of New York will borrow up to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent by AIG's insurance company subsidiaries to third parties.

Last month, the Fed provided an $85 billion loan to the company, which was on the brink of bankruptcy.

BUCKEYSTOWN, Md. — Aluminum maker Alcoa said it is laying off the last nine workers associated with its Eastalco smelter in Buckeystown.Spokesman Earl Robbins said the move affects three workers at the plant and six at the company's pier operations in Baltimore.The Buckeystown plant ceased smelting operations in 2005, citing high electricity costs. There were about 600 workers then.

IMPERIAL — The troubled economy is being blamed for scaring off contractors from submitting bids to drill for natural gas on Pittsburgh International Airport property.Allegheny County Airport Authority was seeking at least $4.5 million over the first 18 months, plus 25 percent future royalties, for the right to drill on about 9,000 acres.Authority spokeswoman JoAnn Jenny said 10 bidders were interested, but the financial crisis scared them off. The bid deadline was Wednesday.She said the authority might seek bids again after the crisis.

NEW YORK — In a sign of the times, the National Debt Clock in New York City ran out of digits to record the growing figure.As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure — the "1" in $10 trillion. It's marking the federal government's current debt at about $10.2 trillion.The Durst Organization said it plans to update the sign next year by adding two digits.

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