• Paulson says troubled assets will not be purchased
    The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.November 12, 2008
  • Government provides new aid to AIG
    The government provided new financial assistance to troubled AIG, including pouring $40 billion into the company in return for partial ownership.November 10, 2008
  • Dem leaders want Bush to help ailing automakers
    Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century.November 8, 2008
  • Treasury clears way for bailout to begin
    The government has cleared the way to ship out $125 billion this week to the country's largest banks.October 28, 2008
  • Treasury begins to deploy financial rescue plan
    Treasury begins to deploy financial rescue plan A top Treasury official says the $125 billion the government is providing nine major banks will be distributed this week.October 27, 2008
  • McCain says Obama will 'say anything' to win
    Republican John McCain on Thursday spiced up a cross-state bus tour aimed at keeping Florida from swinging to the Democrats by accusing rival Barack Obama of saying "anything to get elected."October 24, 2008
  • Paulson defends government intervention
    Treasury Secretary Henry Paulson said Wednesday he expects improvement in the condition of the economy over time but that there will be "a bump in the road" along the way.October 15, 2008
  • Minnesota banks welcome bailout spending
    Some Minnesota banks may be interested in the federal government's plan to spend $250 billion this year buying stock in U.S. Banks.October 15, 2008
  • Government moves to unclog credit lines
    President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks.October 14, 2008
  • US, bankers rework bailout plan
    The Bush administration rushed to revamp the largest U.S. bailout plan in history Monday, working with executives of the nation's biggest banks to shift and shape new pieces and get desperately needed credit flowing.October 13, 2008
  • Rush is on to get rescue plan moving
    With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running.October 13, 2008
  • Snowballing sell-off spreads worldwide
    Stock prices in Asia and Europe careened lower Friday, extending a stampede of selling that began on Wall Street a day earlier, deepening a global financial crisis that has defied all efforts to stop it.October 10, 2008
  • Will government intervene in the banks?
    Bush administration officials say some of the $700 billion in the bailout passed by Congress might be spent on buying bank assets. Meanwhile, John McCain and Barack Obama argue on the campaign trail about whether buying up unsteady mortgages is a good use of the bailout fund.Midmorning, October 10, 2008
  • Fed orders emergency rate cut to 1.5 percent
    The Federal Reserve cut a key U.S. interest rate by half a percentage point this morning to steady an economy teetering on collapse.October 8, 2008
  • McCain, Obama clash over causes, cures of crisis
    Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure.October 7, 2008

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