President Obama delivered the speech in hopes of rejuvenating his flagging push for an overhaul of the $2.5 trillion healthcare system, which has bogged down in Congress amid a flood of criticism.

CEO Edward Liddy took over last year as it was being bailed out and works for only a dollar a year. He is testifying before Congress today.

I don’t have to tell you about the toll the recession is having on people around the country. Companies are closing, layoffs abound, and politicians in Washington continue to work on viable solutions. Times are tough.

President Barack Obama is calling his newly passed $787 billion stimulus bill a “historic step” in turning the U.S. economy around.

The measure was passed on a 246-183, with no Republican “yes” votes.

The Bush administration says the measure doesn’t do enough to ensure that only viable companies would get longer-term federal help.

Congressional Democrats have sent the White House a draft of a roughly $15 billion auto bailout that’s expectedto come to a vote this week.

Sen. Chris Dodd, chairman of the Banking Committee, says Wagoner’s departure should be one of the strings attached to offering government aid to automakers.

President-elect Barack Obama says there isn’t a “minute to waste” in solving the nation’s economic crisis, which he says is likely to get worse before it gets better.  Hear his statement.

Democrats in Congress are telling the Big Three automakers exactly what the lawmakers are looking for, before they’ll consider giving them a $25 billion lifeline.
   

Wall Street looks for gains Friday after the Dow fell 445 points to close below 8,000.  The Dow plunged 10.6% in two days. 

Democratic leaders in Congress want the Big Three automakers to present a plan showing the money will make them financially viable.

When senate Democratic leaders acknowledged they didn’t have the votes, Senate Majority Leader Harry Reid hit the brakes on the proposed $25 billion loan.

It was the first time Treasury Secretary Henry Paulson faced lawmakers in public since he announced he would not be using the bailout money to buy bad debt as he’d promised.

The Bush administration has informed top lawmakers it does not intend to use at least half the $700 billion bailout fund that Congress approved this fall to aid the financial industry.