The stranglehold on the credit markets remained tight Friday after the House approved a revised $700 billion financial bailout, with investors nervous that the plan is at most a first step in repairing the faltering U.S. economy. ...more

October 4, 2008

The Senate strongly endorsed the $700 billion economic bailout plan Wednesday, leaving backers optimistic that the easy approval, coupled with an array of popular additions, would lead to House acceptance by Friday and end the legislative uncertainty that has rocked the markets. ...more

October 2, 2008

The nation's credit crunch has frozen Florida's ability to borrow money, but that isn't yet causing problems for the state, a top state money manager said Tuesday. ...more

September 30, 2008

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

Wall Street's worst fears came to pass Monday when the government's financial bailout plan failed in Congress and stocks plunged precipitously - hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever. Credit markets, whose turmoil helped feed the stock market's angst, froze up further amid the growing belief that the country is headed into a spreading credit and economic crisis. ...more

September 30, 2008

The House braced for a difficult vote today on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that congressional leaders portrayed as greatly strengthened by new taxpayer safeguards. ...more

September 29, 2008

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Sen. John McCain's campaign manager, according to two people with direct knowledge of the arrangement. ...more

September 24, 2008

Home prices in July fell 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels. ...more

September 24, 2008

Congratulations, Raymond James, you're now the nation's largest investment bank. How? Because every other investment bank bigger than Raymond James Financial Inc. bit the dust last week or agreed to shotgun weddings with larger "commercial" banks that are perceived as more stable - stable by Wall Street standards. ...more

September 23, 2008

The investment bank Goldman Sachs, the firm that has looked the best throughout the credit crisis, reported a profit Tuesday of $845 million, or $1.81 a share, in the third quarter, down 70 percent from a year ago. ...more

September 17, 2008