The biggest financial bailout in U.S. history failed in the U.S. House on Monday, with Republicans solidly rejecting the plan, and many Democrats joining them, even though President Bush said passage is essential to avoid bank failures and financial panic. ...more

September 30, 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

David E. Rawson of Palm Harbor says bailing out financial institution would be morally wrong, unconstitutional. ...more

September 27, 2008

I cannot recall another time when a crisis hit this country and Congress was not all fired up to investigate. ...more

September 26, 2008

Highlands Today staff compiled this Q&A on a proposed multi-billion rescue package Congress is deliberating to shore up the financial markets, and the $500 billion the government has pledged to help some troubled financial institutions. ...more

September 26, 2008

Comparisons to Pearl Harbor might have been an exaggeration, according to two University of Florida economics professors. ...more

September 26, 2008

Financial markets extended their declines Tuesday, with the Dow falling more than 150 points, as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets. ...more

September 24, 2008

The Senate passed a giant tax package Tuesday that saves more than 20 million taxpayers from the bite of the alternative minimum tax. ...more

September 24, 2008

Democratic schemers have focused their energies and resources on trying to dig up political 'dirt.' ...more

September 23, 2008

To listen to Sen. Barack Obama, Sen. John McCain is a Johnny-come-lately to the cause of regulating financial markets. "He has consistently opposed the sorts of common-sense regulations that might have lessened the current crisis," Obama said in New Mexico Thursday. "When I was warning about the danger ahead on Wall Street months ago because of the lack of oversight, Senator McCain was telling the Wall Street Journal - and I - 'I'm always for less regulation.' " ...more

September 23, 2008