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

WASHINGTON - Recently trailing or tied, Democrat Barack Obama now leads Republican John McCain in a trio of the most critical, vote-rich states five weeks before the election, according to presidential poll results released Wednesday. ...more

October 1, 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

House Democrats said Monday they would not relent in their dispute with the Senate on a major tax relief package, increasing odds that businesses could lose out on critical tax breaks and millions could get hit by the alternative minimum tax this year. ...more

September 30, 2008

The biggest financial bailout in U.S. history failed in the U.S. House on Monday, with Republicans solidly rejecting the plan, and many Democrats joining them, even though President Bush said passage is essential to avoid bank failures and financial panic. ...more

September 30, 2008

In their first debate of the 2008 presidential campaign, Sens. John McCain and Barack Obama immediately discarded the scheduled topic of foreign affairs Friday night and waded into a discussion of the nation's financial crisis, with both saying they were optimistic that Congress would agree on a financial bailout plan in the coming days. ...more

September 27, 2008

Top Bush administration officials paint a dire picture of recession, layoffs and more foreclosed homes if Congress doesn't quickly pass a proposed $700 billion financial bailout package. ...more

September 24, 2008

Financial markets extended their declines Tuesday, with the Dow falling more than 150 points, as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets. ...more

September 24, 2008