Go to Bailout

Bailout

Coverage of the federal government's bailout of the financial industry.
  • $3 trillion! - Senate, Fed, Treasury attack crisis
    On a single day, the Obama administration, Federal Reserve and Senate attacked the deepening economic crisis with actions that could throw as much as $3 trillion more in government and private funds into the fight against frozen credit markets and rising joblessness.February 10, 2009
  • Geithner pledges forceful attack on banking crisis
    Treasury Secretary Timothy Geithner said Tuesday the new administration will wage an aggressive battle against the financial crisis, while the Federal Reserve is expanding a key lending program to up to $1 trillion.February 10, 2009
  • Obama calls again for swift action on economy
    President Barack Obama said in Elkhart, Ind. today that the nation cannot afford to "posture and bicker" while people are losing their jobs by the millions in a failing economy.February 9, 2009
  • Deal on econ stimulus bill - cut to $780 billion
    With job losses soaring nationwide, Senate Democrats reached agreement with key Republicans Friday night on an economic stimulus measure at the heart of President Barack Obama's plan for reviving the economy.February 6, 2009
  • Obama stresses urgency for stimulus bill
    President Barack Obama warned on Thursday that failure to pass an economic recovery package could plunge the nation into an even longer, perhaps irreversible recession, as senators searched for compromises to whittle down the enormous bill.February 5, 2009
  • House approves economic stimulus bill
    The Democratic-controlled House has approved an $819 billion economic stimulus package critical to President Barack Obama's plan to revive the economy.January 28, 2009
  • Minn. could get $477 million in stimulus for roads and bridges
    Minnesota could get more than $477 million of the economic stimulus moving through Congress to upgrade its highways and bridges.January 28, 2009
  • Indian tribes could get almost $3B in stimulus
    The money includes hundreds of millions of dollars for schools, health clinics, roads, law enforcement and water projects on reservation lands throughout the country.January 28, 2009
  • Evaluating the economic stimulus
    The House is likely to vote on President Obama's stimulus package this week, but Republicans are seeking deeper tax cuts and more immediate job creation. Though Republicans do not have enough votes to defeat the package, they may delay it in the Senate.Midmorning, January 26, 2009
  • Bailout law helps bike commuters
    A new federal law is now rewarding companies for promoting bike riding by their workers. The Bicycle Commuter Act was part of the fine print included in the Wall Street bailout that Congress passed last fall.January 12, 2009
  • Officials: tracking bailout money is difficult
    Government officials overseeing a $700 billion bailout have acknowledged difficulties tracking the money and assessing the program's effectiveness.December 31, 2008
  • Paul Krugman at the National Press Club
    Economist Paul Krugman addresses the country's economic crisis at the National Press Club. Krugman won the 2008 Nobel Prize in Economics for his work at Princeton University and as a columnist for the New York Times.Midday, December 19, 2008
  • White House rides to the rescue of the auto industry?
    The Bush administration considers the use of part of the $700 billion bailout fund to help GM and Chrysler weather their financial problems. Even if the loans become available, will they be enough to help the U.S. auto industry refashion itself into a profitable sector?Midmorning, December 15, 2008
  • Auto rescue bill in peril, opposed by GOP senators
    Emergency aid for the nation's imperiled auto industry was thrown into jeopardy Wednesday, opposed by Republicans who were revolting against a hard-fought deal between Democrats and the Bush White House to speed $14 billion to ailing carmakers.December 10, 2008
  • Before getting handouts, big firms bankrolled conventions
    Financial giants now being bailed out by the government spent millions underwriting the Democratic and Republican conventions last summer, just weeks before coming to Washington begging for multibillion-dollar handouts.December 10, 2008

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