The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount. ...more

April 10, 2009

Two plans to attack the credit crisis are careening into each other. The Obama administration is trying to reignite lending by enticing private lenders to buy the toxic assets that have been stuck on the balance sheets of banks. ...more

March 28, 2009

Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation. ...more

March 17, 2009

The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company with an additional $30 billion in taxpayer money on an as-needed basis. ...more

March 3, 2009

Ivan Seidenberg, the chief executive of Verizon Communications Inc., received $20.2 million in compensation in 2008, essentially the same as in the past two years, according to a regulatory filing. ...more

February 28, 2009

The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. ...more

January 20, 2009

Congress OKs Release Of Final $350B Of Bailout WASHINGTON (AP) - Congress laid the foundation for President-elect Barack Obama's economic recovery plan on Thursday with remarkable speed, clearing the way for a new infusion of bailout cash for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping $825 billion. ...more

January 18, 2009

WASHINGTON - It's something any bank would demand to know before handing out a loan: Where's the money going? ...more

December 22, 2008

Workers who got three days' notice that their factory was shutting its doors have occupied the building and say they won't go home without assurances they'll get severance and vacation pay. ...more

December 6, 2008

The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package. ...more

December 2, 2008