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Security forces overran a militant camp on the outskirts of Pakistani Kashmir's main city and seized an alleged mastermind of the attacks that shook India's financial capital last month, two officials said Monday. ...more
December 9, 2008
The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package. ...more
December 2, 2008
The government said Tuesday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit crisis on consumers. ...more
November 26, 2008
Raymond James Financial Inc. said this week it has applied to be part of a federal plan to boost capital in financial institutions and spur lending. ...more
November 22, 2008
Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more
November 18, 2008
Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million U.S. households avoid foreclosure. ...more
November 15, 2008
It's a $150 billion gamble. That's the size of the newly enlarged financial lifeline the U.S. government threw tottering insurance giant American International Group on Monday, expanding an aid package that's gradually grown since it began as an $85 billion loan in September. ...more
November 11, 2008
The government, raising cash to pay for the array of financial rescue packages, said Monday it plans to borrow $550 billion this quarter - and that's just a down payment. ...more
November 4, 2008
The government will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades. ...more
November 3, 2008
As the list of companies seeking government help grows, it is anybody's guess where the Treasury Department's largesse will stop. ...more
November 1, 2008
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