In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. ...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

John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? ...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

Highlands Today staff compiled this Q&A on a proposed multi-billion rescue package Congress is deliberating to shore up the financial markets, and the $500 billion the government has pledged to help some troubled financial institutions. ...more

September 26, 2008

New claims for unemployment benefits jumped last week to their highest level in seven years because of the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday. ...more

September 26, 2008

Everyone's feeling queasy these days watching the financial markets plummet due to the sub-prime loan fiasco. Younger folks, however, at least have time on their side. Senior citizens are seeing their life savings tank with little time for a market rebound. It sends a powerful message that whatever a person has saved for retirement might not be enough, unless it's protected from market influences. For most people, that isn't the case. ...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

Older Americans with investments are among the hardest-hit by the turmoil in the financial markets and have the least opportunity to recover. ...more

September 23, 2008

The problem wasn't that John McCain said, "The fundamentals of the economy are strong" as Wall Street was imploding last week. ...more

September 21, 2008