In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. ...more

September 30, 2008

The House today defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry. ...more

September 29, 2008

The House braced for a difficult vote today on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that congressional leaders portrayed as greatly strengthened by new taxpayer safeguards. ...more

September 29, 2008

A rough chronology of John McCain's and Barack Obama's negotiations concerning the bailout bill and the debate: ...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

Sen. Barack Obama says he is set for a presidential debate tonight at the University of Mississippi, the first of three 90-minute debates he is scheduled to have with Sen. John McCain. ...more

September 26, 2008

President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed businesses and even "a long and painful recession." ...more

September 25, 2008

WASHINGTON - With his financial rescue plan a tough sell on Capitol Hill, President Bush hopes a prime-time address Wednesday will convince regular Americans of its relevance and "get this over the goal line" with lawmakers. ...more

September 24, 2008

The Bush administration Saturday raised the price tag on its emergency plan to revive the U.S. financial system, asking Congress for authority to spend up to $700 billion to relieve crippled financial institutions of their mortgage-based assets, a sum that would exceed the current cost of the war in Iraq. ...more

September 21, 2008

The financial crisis has turned the race between Sens. John McCain and Barack Obama into an audition for who could best handle a national economic emergency. ...more

September 19, 2008