NEW YORK - US STOCK retreated on Thursday as the market digested a rally inspired by a Federal Reserve decision to pump another trillion dollars into the financial system to fuel an economic rebound.

At the closing bell, the Dow Jones Industrial Average fell 86.58 points (1.16 per cent) to 7,400, following gains in six of the prior seven sessions.

WASHINGTON - SWEPT up by a wave of populist economic anger, the US lawmakers overwhelmingly voted on Thursday to slap a 90 per cent tax on bonuses at bailed-out firms like AIG.

WASHINGTON - AT least 13 firms receiving billions of dollars in bailout money owe a total of more than US$220 million (S$332 million) in unpaid federal taxes, a key lawmaker said Thursday.

Rep John Lewis, chairman of a House subcommittee overseeing the federal bailout, said two firms owe more than US$100 million apiece.