Pointing with dismay to the AIG debacle, the nation's top economic officials argued Tuesday for unprecedented powers to regulate and even take over financial goliaths whose collapse could imperil the entire economy. President Barack Obama agreed and said he hoped "it doesn't take too long to convince Congress." ...more

March 24, 2009

Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies. ...more

March 20, 2009

free Italian ice, courtesy of Rita's Franchise Co. ...more

March 20, 2009

WASHINGTON - Thirteen of the companies receiving billions in federal bailout money owe a total of more than $220 million in delinquent federal taxes. ...more

March 19, 2009

Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more

March 16, 2009

It's always great to see the stock market come back from the dead. But I am deeply worried that our political system doesn't grasp how much our financial crisis can still undermine everything we want to be as a country. ...more

March 13, 2009

General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan. ...more

March 5, 2009

The U.S. government will exchange up to $25 billion in emergency bailout money that it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises. ...more

February 28, 2009

The Obama administration hopes to restore confidence in the nation's ailing financial sector by subjecting 19 of the largest banks to "stress tests" that will gauge whether each institution has adequate capital to survive a severe downturn. ...more

February 26, 2009

Federal Reserve Chairman Ben Bernanke has given Wall Street a double dose of reassurance. Now it's President Barack Obama's turn. ...more

February 24, 2009