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A cross-border raid by U.S. special forces killed the al-Qaida-linked head of a Syrian network that smuggled fighters, weapons and cash into Iraq, an American counterterrorism official said Monday. ...more
October 28, 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
Sen. John McCain, echoing both Sen. Barack Obama and Republican orthodoxy, proposed a $52.5 billion economic plan Tuesday that would eliminate taxes on unemployment benefits and cut the capital gains tax. He warned voters about taking a chance on his Democratic rival. ...more
October 15, 2008
Talk about being penny-wise and pound-stupid. Sheesh, this had to be a bit like firing the janitor for leaving the lights on at the Treasury Department right after Secretary Henry Paulson cooked up the $700 billion financial market bailout plan. ...more
October 14, 2008
After a whirl of emergency meetings, government leaders on both sides of the Atlantic produced bold promises to rescue the global financial system, but were still racing to work out details to calm battered stock markets before they opened today. ...more
October 13, 2008
So how will it end? President Bush is down to his final 100 days in office as of today. Don't expect a quiet fade into the Texas night. ...more
October 12, 2008
The Bush administration is hammering out final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the Treasury Department. ...more
October 10, 2008
News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more
October 9, 2008
WASHINGTON — Barack Obama made strides toward easing voters' concerns about his candidacy in Tuesday night's debate. John McCain, despite raising pointed questions about his rival's readiness, didn't create the game-changing moment he'll need between now and Election Day. ...more
October 7, 2008
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