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The fallout from the vote against a bailout package for the U.S. financial system may well dig deep into the economy. ...more
September 30, 2008
WASHINGTON - Congressional leaders labored Tuesday to find out how many changes are needed to sell the defeated $700 billion financial system rescue to rank-and-file members. ...more
September 30, 2008
The magnitude of the bailout demanded, rather than proposed by Treasury Secretary Henry Paulson, is astonishing. Take AIG, American International Group, an insurance company worth over a trillion dollars. Paulson says it will cost $85 billion to save AIG. ...more
September 30, 2008
John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? ...more
September 30, 2008
Democratic presidential candidate Barack Obama sought to score a quick post-debate advantage Saturday by traveling to two Republican-leaning states and accusing GOP rival John McCain of being out of touch with middle-class Americans. ...more
September 28, 2008
Republican Sen. John McCain of Arizona placed phone calls to President Bush and Republican congressional leaders Saturday to help steer a bailout of failed financial institutions. ...more
September 28, 2008
WASHINGTON - Congressional leaders said Saturday they hoped to reach an agreement on a multibillion-dollar bailout plan for the financial sector before the markets open Monday, even if House and Senate votes would come later. ...more
September 27, 2008
The Bush administration and congressional negotiators agreed Friday to meet some demands of rebellious House Republicans as they sought to resurrect a $700 billion rescue plan for the nation's financial system that the critics said relied too much on government intervention. ...more
September 27, 2008
WASHINGTON - President Bush told Congress Friday it must "rise to the occasion" and pass legislation bailing out the struggling financial system, and leading lawmakers arranged to resume difficult negotiations. ...more
September 26, 2008
Be scared. Be very, very scared. Congress, sign on the dotted line quickly before the world ends. I've seen this movie before and if "Bush-Cheney: The Sequel" goes the way of the original, we're in trouble. ...more
September 26, 2008
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