Three of the largest British banks have announced plans to take up to $63 billion of government money to boost their balance sheets

Five central banks, including the Federal Reserve and the European Central Bank, announced Monday new measures aimed at thawing frozen credit markets and bolstering funding to banks.

As markets opened in Europe, Britain’s FTSE-100 shot up 5.7 percent, Germany’s DAX climbed 6.4 percent and France’s CAC-40 advanced 6.8 percent.

Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions.

As world finance ministers look at the big picture in Washington this weekend, workers around the country are starting to see the impact of this credit crunch.

President Bush said today that the government’s financial rescue plan is aggressive enough and big enough to work.

Japan’s key index shed nearly 10% to close out its work week in history.  On Wall Street, the Dow opens below 9,000 for the first time in five years.  President Bush will address the economy this morning from the White House.

U.S. stocks fell for a seventh straight session, one year to the day that the DOW peaked above 14,000.

Barack Obama and John McCain tangled over McCain’s plan for government to buy billions in bad mortgages.

The Dow slipped 189 points, Asian markets rallied, Russia and Indonesia remained closed after the Fed and six other banks slashed interest rates.

The U.S. has teamed up with banks around the world to ease interest rates in hopes of preventing this global financial crisis from getting worse.

The British government has announced an $87.5 billion plan to partially nationalize its major banks in a bid to restore economic stability.

The government is considering a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is threatening the economy.

From car dealerships to delicatessens, the country’s economic woes are hitting home.

The financial turmoil in Europe continues with Denmark and Sweden moving to bolster protection of bank accounts.