Divided over the best way to fight the economic downturn, finance officials of the leading industrial nations agreed Saturday to commit more money to help developing countries, step up efforts to revive bank lending and regulate hedge funds. ...more

March 15, 2009

Ron Kirk, the president's choice to be U.S. trade representative, owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to pay them, the Senate Finance Committee said Monday. ...more

March 2, 2009

The leaders of Germany, Britain, France and other European nations called Sunday for the resources of the International Monetary Fund to double, to $500 billion, to help head off new problems in countries already hit hard by the global economic and financial crisis. ...more

February 23, 2009

ST. JOHN'S, Antigua - Regulators in the Caribbean took over Antiguan banks owned by Texas financier R. Allen Stanford on Friday, hoping to contain damage to the local economy as U.S. investigators explore an alleged fraud scheme involving billions of dollars. ...more

February 21, 2009

The Senate on Monday confirmed New York Federal Reserve Bank chief Timothy Geithner as President Barack Obama's treasury secretary despite tax problems that might have sunk his nomination in less desperate times. ...more

January 26, 2009

The world is on the cusp of the most profound shift in global power and influence in a century. Managing this quiet revolution calls for nothing short of a new international system, with a radical revision of existing institutions and patterns of doing business. It is a time for thinking big. ...more

November 18, 2008

You know Middle America is really nervous about the economy when an economic summit of the world's leaders can generate so much weekend buzz. ...more

November 18, 2008

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

When the finance ministers of the world's top economies convened in Washington last month around the annual meeting of the International Monetary Fund, they developed a successful international strategy for responding to the financial crisis, which had reached panic proportions in the markets. It was promptly implemented by the key countries and quelled the worst of the anxieties. ...more

November 15, 2008

Leaders from Asia and Europe on Saturday called for new rules and stronger regulation of the global monetary and financial system at the close of a two-day summit in Beijing as China assumed a new leadership role in the crisis. ...more

October 26, 2008