Republicans needn't trouble themselves to nominate a presidential candidate in 2012. No matter what, President Barack Obama will run against George W. Bush. Bush will be Obama's eternal foil. At this rate, when Obama writes his post-presidential memoir, it will be titled "An Audacious Presidency, or How I Saved America From That Bastard Bush." ...more

October 24, 2009

The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more

March 18, 2009

Chinese officials and U.S. Secretary of State Hillary Rodham Clinton agreed Saturday to step up their cooperation on the global economic crisis and climate change, while treading carefully around the human rights issues that often have strained the U.S. relationship with Beijing. ...more

February 22, 2009

The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. ...more

January 20, 2009

It was the year the U.S. government pledged more than $8.5 trillion in loans and guarantees to bail out struggling companies. U.S. Treasury Secretary Henry Paulson appeared on the cover of the New York Post more than celebrity heiress Paris Hilton. Stockholders lost more than $30 trillion in market value. Here's a look at 2008 through the numbers: ...more

January 2, 2009

WASHINGTON - Citing danger to the national economy, the Bush administration came to the rescue of the U.S. auto industry Friday, offering $17.4 billion in emergency loans in exchange for concessions from the deeply troubled carmakers and their workers. ...more

December 19, 2008

The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, Treasury Secretary Henry Paulson said Thursday as carmakers readied more plant closings and a half million new jobless claims underscored the deteriorating national economy. ...more

December 18, 2008

President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008. ...more

December 17, 2008

The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. ...more

December 2, 2008

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008