President Obama caps pay for executives receiving bailout funds.

The Bush administration came to the rescue of the troubled U.S. auto industry Friday, offering $17.4 billion in loans in exchange for concessions from carmakers and their workers.

Gov. Mark Sanford said Wednesday he will do everything he can to fight another round of bailouts, though he acknowledged he can’t do much.

A U.S. counterterrorism official says some marks of this week’s terror attacks in India are consistent with the work of Pakistani militant groups.

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.

Financial meltdowns, bailouts, credit crisis, recession, depression..These are the headlines we hear everyday now. We get it, our economy is in trouble. So, what can we do to help turn it around?

Former Treasury Secretary Larry Summers, who could get the same job under Obama, says the current economic crisis calls for a package big enough to resonate for a period of two to three years.

The stated goal of the first-ever leaders’ summit of the Group of 20 this weekend is to examine the causes of the crisis and to begin mapping out principles for a response.

Investors are looking at beaten-down shares while global leaders gather in Washington to discuss ways to tackle the world financial crisis.

Congress is mulling over the possibility of more changes in the $700 billion financial rescue program in light of the deteriorating economy and soaring mortgage foreclosures.

A new tax policy from the Treasury Department will let companies that take over banks hit by the mortgage crisis to write off more of the losses.

The Obama transition is underway.  The president-elect is will name his good friend and fellow Illinois Congressman Rahm Emmanuel as Chief of Staff. 

We all know the price of food is up, it’s been up since gas prices spiked, and some, hasn’t gone down yet.. So why haven’t food stamps changed , to accomidate the higher prices? But there are several place that will help out…

The Federal Reserve meets today and an interest rate cut is expected

Press Secretary Dana Perino now says the president is “open minded” about a fresh dose of stimulus, and will consider what Fed Chairman Ben Bernanke told lawmakers yesterday.