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President Barack Obama outlined a response to the nation's intensifying job crisis Tuesday that encourages businesses to hire new workers by easing the flow of credit and implementing a series of tax cuts, but that leaves important details - including the plan's cost - to be hashed out by Congress. ...more
December 9, 2009
Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund. ...more
December 12, 2008
A $14 billion bailout for Detroit's struggling Big Three has died in the Senate after failing on a procedural vote. ...more
December 12, 2008
Amid calls for more accountability by executives at U.S. automakers, House and Senate aides were hammering out legislation that would dole out billions to the companies within a week ...more
December 8, 2008
WASHINGTON - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies. ...more
December 3, 2008
PORT-AU-PRINCE, Haiti - Four tropical storms have wiped out most of Haiti's food crops and damaged irrigation systems and pumping stations, raising the specter of acute hunger for millions in the impoverished country. ...more
September 20, 2008
Troubles with a national disaster relief fund are not expected to pose a problem if a hurricane hits Florida. ...more
June 23, 2008
Hundreds of thousands of survivors were stuck Saturday behind roads blocked by fallen trees, iron roofs and thick sludge as rescue workers fought to reach towns along Bangladesh's coast that were ravaged by a powerful cyclone that killed at least 1,723 people. ...more
November 18, 2007
U.S., Honduran and Nicaraguan soldiers searched remote jungle beaches and the open sea Thursday looking for survivors and the dead from Hurricane Felix's rampage. ...more
September 7, 2007
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