Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but also credit-card, auto-loan and other huge nonbank businesses. "The facts changed and the situation worsened," Treasury Secretary Henry Paulson said at a news briefing, explaining the administration's switch from its original plan to help financial institutions by buying up troubled assets, primarily securities backed by bad home loans. ...more

November 13, 2008

All smiles and compliments, President-elect Obama and his wife, Michelle, called on President Bush and first lady Laura Bush Monday in a White House visit that was part political ritual, part practical introduction and a striking symbol of the historic transfer of power to come. The president and Obama talked war and financial crisis. Laura Bush and Michelle Obama talked about raising daughters in the nation's most famous house. ...more

November 10, 2008

An unsettling sense of the past repeating itself pervaded this city Wednesday as Gustav crept this way through the Caribbean, two days before Hurricane Katrina's third anniversary. ...more

August 28, 2008

It's been a breezy and dry start to the day for much of Sarasota County this morning. ...more

August 19, 2008

World economic growth will slow significantly in 2008, but the United States, whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday. ...more

January 30, 2008