The government, raising cash to pay for the array of financial rescue packages, said Monday it plans to borrow $550 billion this quarter - and that's just a down payment. ...more

November 4, 2008

The government will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades. ...more

November 3, 2008

As the list of companies seeking government help grows, it is anybody's guess where the Treasury Department's largesse will stop. ...more

November 1, 2008

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