Go to Bailout

Bailout

Coverage of the federal government's bailout of the financial industry.
  • Oversight panel questions Treasury on bailout plan
    With a skeptical tone, a congressional panel reviewing the government's $700 billion rescue package for the financial sector is questioning the Bush administration's spending of bailout funds and challenging its reluctance to use the money to reduce foreclosures.December 10, 2008
  • Home sales could be sign of economic turnaround
    Low home prices and mortgage rates have some people - who have been holding out for the market to hit bottom - ready to buy. Experts say that's just what the economy needs to start turning around.December 10, 2008
  • Progress made in bailout plan for Big 3 automakers
    A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves.December 8, 2008
  • Chrysler exec: failure could spark depression
    A top executive of Chrysler LLC cautioned Wednesday that a carmaker collapse could send the economy spiraling into a depression, as the United Auto Workers union braced for contract concessions.December 3, 2008
  • GM says it needs $12 billion loans by late March
    General Motors says it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating. The troubled automaker says it plans to slash its numbers of workers, vehicle brands and plants by 2012.December 2, 2008
  • As economic ills mount, US applies more medicine
    With the economy showing further signs that it is headed into a steep swoon, Treasury Secretary Henry Paulson is pulling more tricks out of his bag to try bolster the country's battered financial sector.November 26, 2008
  • Manufacturing an economic recovery
    A proposed government rescue plan for the automotive industry appears doomed, at least until auto executives give Congressional leaders a plan to rebuild their industry. Midday will looks at the future of the auto industry and U.S. manufacturing.Midday, November 21, 2008
  • Bailout of the auto industry?
    Auto executives representing GM, Ford and Chrysler continue to make their cases for a $25 billion loan from the federal government. Whether they succeed in convincing skeptical lawmakers to bail them out or not, a huge restructuring of the industry is still likely.Midmorning, November 19, 2008
  • Stocks finish lower as recession worries deepen
    Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs in the financial sector.November 17, 2008
  • Coleman to meet with Ford official
    Sen. Norm Coleman plans to meet with a Ford Motor Co. official this week to discuss the state of the auto industry.November 17, 2008
  • The big fix for failing economies
    World leaders wrapped up their Group of 20 summit on the international economy without agreeing on a coordinated stimulus package. Meanwhile, a lame duck Congress meets this week to consider an auto industry bailout and other possible fixes for America's struggling economy.Midday, November 17, 2008
  • White House refines position on auto industry help
    The White House says it supports aid for struggling automakers, but believes it should not come from the $700 billion financial system rescue fund.November 17, 2008
  • World leaders move toward tougher financial rules
    World leaders edged closer to an agreement Saturday that would flag risky investing and regulatory weak spots as President George W. Bush welcomed the progress at an emergency economic summit.November 15, 2008
  • Minn. congressional delegates question changes to bailout
    Members of Minnesota's congressional delegation say the new federal bailout package being proposed in Washington is very different than the one they passed earlier this year.November 14, 2008
  • Another approach on mortgages, but will it work?
    A new plan proposed by Fannie Mae and Freddie Mac may help reduce the loans of homeowners who are facing foreclosure, but it leaves out most borrowers with subprime loans. And treasury secretary Henry Paulson has offered no new plans for how bailout money might be used to stem the financial crisis.Midmorning, November 13, 2008

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