Go to Bailout

Bailout

Coverage of the federal government's bailout of the financial industry.
  • 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
  • Bernanke: More economic pain ahead
    Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.October 7, 2008
  • Dow closes below 10,000 for first time since '04
    Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. The Dow finished down about 370 points, at 9,955.50.October 6, 2008
  • Lehman paid bonuses to execs while asking for bailout
    Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.October 6, 2008
  • Mixed metaphors describe economic crisis
    The hotly debated $700 billion bailout bill passed by Congress last week introduced a number of complicated financial concepts into the pop culture lexicon lately.October 6, 2008
  • Administration rushes to begin financial rescue
    Signed and sealed, the $700 billion bailout now must be delivered.October 4, 2008
  • Congress OKs historic bailout bill; Bush signs it
    With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush who quickly signed it.October 3, 2008
  • Local bankers welcome proposed FDIC insurance limit increase
    Bankers in Minnesota are welcoming the proposal to temporarily raise the ceiling on deposits guaranteed by the FDIC, the Federal Deposit Insurance Corporation. The limit would jump from $100,000 to $250,000, but the measure still needs approval from the House to become law.October 2, 2008
  • Franken opposes bailout
    DFL Senate candidate Al Franken Thursday sharply criticized the Wall Street bailout the Senate approved Wednesday night.October 2, 2008

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