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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