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

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

Sen. John McCain claimed he was suspending his campaign to 'rush' to Washington, D.C., to save us all. ...more

October 1, 2008

The fallout from the vote against a bailout package for the U.S. financial system may well dig deep into the economy. ...more

September 30, 2008

WASHINGTON - Congressional leaders labored Tuesday to find out how many changes are needed to sell the defeated $700 billion financial system rescue to rank-and-file members. ...more

September 30, 2008

The magnitude of the bailout demanded, rather than proposed by Treasury Secretary Henry Paulson, is astonishing. Take AIG, American International Group, an insurance company worth over a trillion dollars. Paulson says it will cost $85 billion to save AIG. ...more

September 30, 2008

John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? ...more

September 30, 2008

Democratic presidential candidate Barack Obama sought to score a quick post-debate advantage Saturday by traveling to two Republican-leaning states and accusing GOP rival John McCain of being out of touch with middle-class Americans. ...more

September 28, 2008

Republican Sen. John McCain of Arizona placed phone calls to President Bush and Republican congressional leaders Saturday to help steer a bailout of failed financial institutions. ...more

September 28, 2008