The FDIC's agreement to share potential multibillion-dollar losses on Wachovia Corp.'s mortgage loans with buyer Citigroup Inc. is a way for the government to ensure a solution at the least cost to taxpayers, banking experts say. ...more

September 30, 2008

Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems. ...more

July 31, 2008

Existing home sales fell for the eighth time in the past nine months, a string of weakness expected to continue as the housing industry, mired in its worst slump in decades, battles falling home prices, tight lending conditions and a weak economy. ...more

May 23, 2008

The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession. ...more

January 31, 2008

When people are panicking, it's hard to stop the stampede with talk about cutting a "federal funds rate." Economic fears on Wall Street and around the world are making people and businesses hunker down, and that could make recession worries come true - a vicious cycle the Federal Reserve, White House and Congress may be hard-pressed to break. ...more

January 23, 2008

The Federal Reserve moved Tuesday to protect homebuyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. ...more

December 19, 2007