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

The Bush administration is hammering out final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the Treasury Department. ...more

October 10, 2008

News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more

October 9, 2008

WASHINGTON — Barack Obama made strides toward easing voters' concerns about his candidacy in Tuesday night's debate. John McCain, despite raising pointed questions about his rival's readiness, didn't create the game-changing moment he'll need between now and Election Day. ...more

October 7, 2008

The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more

October 7, 2008

Recently, members of Congress acted to address the worst financial crisis America has faced in generations. While the decision may not have been popular, I felt it was necessary to help stabilize the economy and prevent the crisis from acutely affecting American families. ...more

October 7, 2008

WASHINGTON Deceased POWs Now Eligible For Purple Heart An estimated 17,000 deceased U.S. prisoners of war could be awarded Purple Hearts under a new Pentagon policy announced Monday. ...more

October 7, 2008

The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. ...more

October 4, 2008

It will be one of the world's largest asset management firms with an impressive $700 billion war chest. Nothing less than the global economy depends on its success. And the Treasury Department has barely a month to get it up and running. ...more

October 4, 2008