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

They don't want to pay for other people's mistakes. The consensus among local men and women on the street is that the taxpayers should not "bail out" those chief executives who they think have caused the plummeting Dow Jones Industrial Average and mortgage crisis. ...more

September 26, 2008

The flow of money through critical parts of the financial system all but stopped Wednesday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to U.S. government securities to protect their savings. ...more

September 18, 2008

Paulson. Merrill Lynch. Lehman. Bernanke. Names are what investors start talking about at moments like this. Names, the faith is, will rescue Wall Street and, by extension, the U.S. economy. When a market crash is big enough, people are too panicked to think about the technicalities of reform. They think about the names they are losing and names who, they hope, will save the day. ...more

September 17, 2008

In another unnerving day for Wall Street, investors suffered their worst losses since the Sept. 11 attacks, and government officials raced to prevent the financial crisis from spreading. ...more

September 16, 2008

Wall Street surged Monday as investors placed bets that a recovery in the financial and housing sectors is likely to follow the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. ...more

September 9, 2008

Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers. ...more

September 5, 2008

Spring's Economic Rebound Unlikely To Last Gross domestic product, or GDP, grew at a 3.3 percent annual rate in the April-June quarter, its fastest pace in nearly a year, the Commerce Department reported Thursday. ...more

August 31, 2008

Americans see a slice of sunlight for the economy, as a widely watched report on Tuesday showed that people are not as pessimistic about the future as they were a month ago. ...more

July 30, 2008

Ban Lifting Gets Results According to an Opinion Research Corporation poll, 73 percent of people surveyed agree with John McCain, favoring more drilling for oil. On July 15, President Bush, who has long promoted offshore drilling, heard the people and lifted the executive branch ban on offshore drilling. ...more

July 25, 2008