On This Day - What happened on this day in United States of America

Michel Camdessus is a French economist and administrator who was Managing Director of the International Monetary Fund (IMF) from 16 January 1987 to 14 February 2000. To date, he is the longest-serving Managing Director of the IMF.

When the Lakers faced the Heat on January 16, 2006, O'Neal and Bryant made headlines by engaging in handshakes and hugs before the game, an event that was believed to signify the end of the so-called "Bryant–O'Neal feud" that had festered since the center left Los Angeles.

Bank of America received $20 billion in the federal bailout from the U.S. government through the Troubled Asset Relief Program (TARP) on January 16, 2009, and a guarantee of $118 billion in potential losses at the company.

The bank, in its January 16, 2009, earnings release, revealed massive losses at Merrill Lynch in the fourth quarter, which necessitated an infusion of money that had previously been negotiated with the government as part of the government-persuaded deal for the bank to acquire Merrill. Merrill recorded an operating loss of $21.5 billion in the quarter, mainly in its sales and trading operations, led by Tom Montag. The bank also disclosed it tried to abandon the deal in December after the extent of Merrill's trading losses surfaced, but was compelled to complete the merger by the U.S. government. The bank's stock price sank to $7.18, its lowest level in 17 years, after announcing earnings and the Merrill mishap. The market capitalization of Bank of America, including Merrill Lynch, was then $45 billion, less than the $50 billion it offered for Merrill just four months earlier, and down $108 billion from the merger announcement.

On January 16, 2015, Republicans presented legislation, in the form of a U.S. Congress HR discussion draft bill, that makes concessions to net neutrality but prohibits the FCC from accomplishing the goal or enacting any further regulation affecting Internet service providers (ISPs).

The Senate impeachment trial began on January 16, 2020.

Michel Camdessus is a French economist and administrator who was Managing Director of the International Monetary Fund (IMF) from 16 January 1987 to 14 February 2000. To date, he is the longest-serving Managing Director of the IMF.

When the Lakers faced the Heat on January 16, 2006, O'Neal and Bryant made headlines by engaging in handshakes and hugs before the game, an event that was believed to signify the end of the so-called "Bryant–O'Neal feud" that had festered since the center left Los Angeles.

Bank of America received $20 billion in the federal bailout from the U.S. government through the Troubled Asset Relief Program (TARP) on January 16, 2009, and a guarantee of $118 billion in potential losses at the company.

The bank, in its January 16, 2009, earnings release, revealed massive losses at Merrill Lynch in the fourth quarter, which necessitated an infusion of money that had previously been negotiated with the government as part of the government-persuaded deal for the bank to acquire Merrill. Merrill recorded an operating loss of $21.5 billion in the quarter, mainly in its sales and trading operations, led by Tom Montag. The bank also disclosed it tried to abandon the deal in December after the extent of Merrill's trading losses surfaced, but was compelled to complete the merger by the U.S. government. The bank's stock price sank to $7.18, its lowest level in 17 years, after announcing earnings and the Merrill mishap. The market capitalization of Bank of America, including Merrill Lynch, was then $45 billion, less than the $50 billion it offered for Merrill just four months earlier, and down $108 billion from the merger announcement.

On January 16, 2015, Republicans presented legislation, in the form of a U.S. Congress HR discussion draft bill, that makes concessions to net neutrality but prohibits the FCC from accomplishing the goal or enacting any further regulation affecting Internet service providers (ISPs).

The Senate impeachment trial began on January 16, 2020.