In 2006 Congress was debating whether to authorize increasing the size of the national debt. A freshman senator addressed his colleagues: "The fact that we are here today to debate raising America's debt is a sign of leadership failure." ...more

November 2, 2009

Rahm Emanuel once sent a dead fish to a live pollster. Now he's put a horse's head in Roger Ailes' bed. ...more

October 25, 2009

The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers. ...more

October 21, 2009

WASHINGTON (AP) — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks. ...more

October 20, 2009

WASHINGTON (AP) — The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund. ...more

August 27, 2009

The government will provide another $3.1 billion to a group of mortgage servicing companies as an incentive to modify loans to combat record levels of foreclosures. ...more

June 17, 2009

Banks that received taxpayer bailouts had a lower average level of loans outstanding at the end of March than a month earlier, the Treasury Department reported on Monday. ...more

June 2, 2009

Chrysler LLC's largest banks reached a tentative agreement with the U.S. government to exchange $6.9 billion in secured debt for $2 billion cash, say three people with knowledge of the negotiations. ...more

April 29, 2009

The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount. ...more

April 10, 2009

President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more

March 30, 2009