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New Tax Cuts, Fear Of Financial Chaos Sway Lawmakers
After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history. ...more
October 4, 2008
McCain To Get 'Aggressive'
Sen. John McCain and his Republican allies are readying a newly aggressive assault on Sen. Barack Obama's character, believing that to win in November they must shift the conversation back to questions about the Democrat's judgment, honesty and personal associations, several top Republicans said. ...more
October 4, 2008
Bush Lobbies Congress To Pass $700 Billion Bailout Bill
WASHINGTON - President Bush and congressional backers of a $700 billion financial industry bailout carried out high-intensity lobbying Thursday, on the eve of a crucial House vote that Bush said "a lot of people are watching." ...more
October 2, 2008
D.C.'s Financial Rescue Designed To Dodge 'Economic 9/11'
The fallout from the vote against a bailout package for the U.S. financial system may well dig deep into the economy. ...more
September 30, 2008
Fear That Plan's Failure Will Prolong Woes Drove Slide
For all of you on Main Street who have been watching the turmoil on Wall Street for the past few weeks, Monday's shockwaves rattled even the most steadfast. ...more
September 30, 2008
Bailing On The Bailout Bill
Ginny Brown-Waite was among the 228 House members who voted against the $700 billion bailout package for the financial industry Monday, calling the measure "embarrassing" and stomach-turning. ...more
September 30, 2008
Bailout Defeated In House; Leaders Vow To Try Again
In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging 777 points, the most ever for a single day. ...more
September 29, 2008
Jobless Claims At 7-Year High As Congress Works On Bailout
New claims for unemployment benefits jumped last week to their highest level in seven years because of the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday. ...more
September 26, 2008
Claims For Jobless Benefits Have Hit A 7-Year High
WASHINGTON (AP) -- New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday. ...more
September 25, 2008
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