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In a Monday filing with the U.S. Court of Federal Claims, the government said Greenberg's Starr International Co failed to show the "extraordinary circumstances" needed to justify a deposition of Fed Chairman Ben Bernanke in the multibillion-dollar lawsuit.
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Political liberals slammed the former Harvard Universitypresident, who advised Obama during his presidential campaignand during his first term in the White House, for his role inderegulating the financial industry in the 1990s, policiescritics say set the stage for the 2007-2009 recession.
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The better than expected 0.7pc growth seen in the second quarter of this year, alongside a stronger services sector and the expected contribution from household consumption, lay behind the improved forecasts, said David Kern, chief economist at the BCC.
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