A group of conservative Republicans in the House proposed a financial rescue package of tax breaks and a new government-sponsored insurance program for mortgage-backed securities Thursday as an alternative to President Bush's proposed $700 billion bailout of Wall Street. ...more

September 26, 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 House on Wednesday easily approved legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail. ...more

July 24, 2008

A mortgage rescue to help hundreds of thousands of struggling homeowners avoid foreclosure and get more affordable, safer loans passed the Senate overwhelmingly on Friday, but it faces a bumpy road amid continuing turmoil in the housing market. ...more

July 12, 2008

A massive package of housing legislation that seeks to rescue hundreds of thousands of homeowners in danger of foreclosure while shoring up confidence in struggling mortgage giants Fannie Mae and Freddie Mac cleared a final procedural hurdle in the Senate on Thursday and was headed for passage. ...more

July 11, 2008

The nation's top economic policymakers took their campaign to rework financial regulation to Capitol Hill on Thursday, urging Congress to make major changes in the oversight of Wall Street firms and other financial institutions. ...more

July 11, 2008

Lehman Bros. Holdings Inc. shares slid Thursday as continued credit fears shook Wall Street, and government officials again reiterated that no bank is too big to fail. ...more

July 11, 2008

Bank of America Corp., Countrywide Financial Corp. and other leading U.S. lenders adopted rules aimed at speeding the pace of mortgage modifications amid criticism that they haven't done enough to stem foreclosures. ...more

June 18, 2008

The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis. ...more

May 9, 2008

Members of Congress pushed the Bush administration Friday to accelerate efforts to stem a rising tide of home foreclosures. ...more

November 2, 2007