Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, but investment banks drew loans at a slightly lower, but still brisk, pace. ...more

October 24, 2008

The Bush administration is pledging to do whatever it takes to battle a severe financial crisis that is threatening to push the country into a steep recession. ...more

October 22, 2008

The Federal Reserve on Tuesday introduced a program to finance the purchases of assets from money market mutual funds as the government continued to search for ways to battle a severe credit crisis. ...more

October 22, 2008

The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more

October 7, 2008

Putnam Investments on Thursday suddenly closed a $12 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as Lehman Brothers Holdings. ...more

September 19, 2008

The flow of money through critical parts of the financial system all but stopped Wednesday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to U.S. government securities to protect their savings. ...more

September 18, 2008