Just showing up counted for a lot. Group of 20 leaders may not have quite rewritten the rules of global finance in a weekend. But they accomplished much by just gathering in such large numbers - both the older economic powerhouses and the newer fast-growing ones - to grapple with the world's financial panic and pledging to work together to contain it. ...more

November 16, 2008

A Light in Financial Gloom: Gas Falls To $3 A Gallon Gut-wrenching declines in the stock market, a financial panic that some have compared to the Great Depression and the realization that the United States may be headed to its worst recession in more than a generation have trumped what should otherwise be good news: The return of $3-a-gallon gas. ...more

October 19, 2008

Gut-wrenching declines in the stock market, a financial panic that some have compared to the Great Depression and the realization that the U.S. may be headed to its worst recession in over a generation have trumped what should otherwise be good news: The return of $3-a-gallon gas. ...more

October 18, 2008

Construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production yet again, putting the country on track to build the fewest homes this year in more than six decades. ...more

October 18, 2008

When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up Bailey Savings & Loan, offering a fire-sale price of 50 cents on the dollar. ...more

October 11, 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

President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed businesses and even "a long and painful recession." ...more

September 25, 2008

WASHINGTON - With his financial rescue plan a tough sell on Capitol Hill, President Bush hopes a prime-time address Wednesday will convince regular Americans of its relevance and "get this over the goal line" with lawmakers. ...more

September 24, 2008