On a day that House lawmakers handed the White House a major defeat ,shooting down the 700-billion-dollar financial rescue plan, Connecticut Senator Christopher Dodd remained confident some kind of bill will pass. The Senate Banking Committee chairm...
President Bush is praising the bipartisan financial rescue plan worked out in negotiations with the administration. He said he knows the vote on the measure will be difficult for lawmakers, but he's confident it will be approved. House Speaker Nancy...
Negotiators on Capitol Hill say they're making progress toward agreement on a plan to rescue the financial system, a plan that includes the key elements proposed by Treasury Secretary Henry Paulson. But House Republicans, including Eric Cantor of Vi...
Congressional leaders are reporting progress today in talks aimed at fashioning a bailout of the country's financial markets. NPR's Debbie Elliott has more. Negotiations jump-started after House Republicans joined the talks. Minority Leader John Boe...
After a summit at the White House today between top congressional leaders, the president and both presidential candidates as well, a proposed 700-billion-dollar financial bailout deal now appears to be in some flux. NPR's Debbie Elliott has more. Co...
Republican presidential candidate John McCain is calling for the postponement of Friday's scheduled debate with Democratic rival Barack Obama. McCain said today he will stop campaigning after he addresses a Global Initiative session on Thursday host...
Treasury Secretary Henry Paulson pleaded with sometimes skeptical senators today to approve his proposed 700-million-dollar bailout of the financial services industry. NPR's Brian Naylor has more. Paulson and Fed Chairman Ben Bernanke painted a gloo...
House Speaker Nancy Pelosi says the administration's proposed $700 billion financial bailout plan lacks necessary safeguards to prevent abuses in the future. She wants better oversight provisions, limits on the pay of Wall Street executives and prot...
The White House says the price tag for the administration's proposal to deal with the nation's financial crisis will range up to 700 billion dollars. That's the amount of spending authority being sought for the Treasury Department to buy up troubled...
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are sitting down at this hour with congressional leaders to discuss the widening economic crisis. Stock prices rebounded sharply today. That followed a report the administration has a ne...
The Treasury Department said today it would issue new debt to raise money for the Federal Reserve. It comes just after the government announced another multi-billion-dollar bailout on Wall Street. NPR's Yuki Noguchi reports. Treasury took the unusua...
Investment bank Goldman Sachs reported a 70% drop in income today, following an eventful day yesterday. All eyes are now focused on the health of the remaining firms that make up the pillars of Wall Street. NPR's Yuki Noguchi reports. With Bear Stea...
President Bush tried to calm investors' nerves this morning, a day after two venerable financial institutions were hobbled by the mortgage crisis. NPR's Dina Temple-Raston reports. The president spoke to reporters just hours after investors began to...
Nearly 2,000 people have been rescued from flooded or damaged homes in Texas and areas hit by Hurricane Ike. But officials say thousands more who ignored evacuation orders are likely stranded and waiting for help. People who were evacuated are being...
Hurricane Ike has flooded or damaged thousands of homes in Texas and knocked out electricity to millions of people there. Officials are warning that it could take weeks before power is completely restored. But the storm surge from Ike was not as dev...
