November 24, 2008

President Bush: more Citigroup-type rescues possible

President Bush said Monday that there could be more decisions like the government’s dramatic rescue of Citigroup if other institutions need help.  Hear his statement.


November 18, 2008

Paulson grilled on Capitol Hill

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.

Paulson opposes bailout money for auto industry

Treasury Secretary Henry Paulson told Congress Tuesday that the administration remains firmly opposed to dipping into the government’s $700 billion financial bailout fund to provide the
Big Three automakers the $25 billion rescue they are seeking.

Obama economic advisors pushing second stimulus

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.


November 12, 2008

Paulson announces bailout plan changes

Treasury Secretary Henry Paulson said Wednesday that the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.

Treasury to update bailout progress

Treasury Secretary Henry Paulson may answer some of his critics when he gives an update this morning on the $700 billion financial bailout program.


October 11, 2008

Early White House meeting of G-7 countries

An early morning White House meeting of the world’s biggest economic powers has brought more assurances, but apparently no new strategies on the credit crunch.


October 10, 2008

Paulson endorses bank stock purchase plan

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


October 09, 2008

Investors bracing for another wild ride

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


September 25, 2008

President addresses nation urging action on rescue package

President Bush told the nation Wednesday night we’re in the midst of a “serious financial crisis” that could turn into “financial panic.“


September 24, 2008

Demint, Graham differ on bailout

South Carolina’s senators are on different sides of the financial rescue package being pushed to ease a financial meltdown on Wall Street.

Paulson, Bernanke continue bailout sell

Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson go before a House panel, a day after senators took them to task.


September 23, 2008

Stocks trading higher today

Stocks are moderately higher in early trading as investors await testimony from top federal economic officials before Congress about efforts to hammer out a $700 billion financial rescue plan.

Wall Street bailout closer to approval

Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke go before the Senate Banking Committee to discuss the administration’s proposed 700 billion-dollar bailout plan.

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