Newsroom Headlines

  October 14, 2008 United States to Invest $250 Billion in Banks The Treasury Department is expected to announce a plan today to invest up to $250 billion in banks and guarantee new debt issued by

  October 10, 2008 United States Weighs Backing Bank Debt The United States is weighing two dramatic steps to repair ailing financial markets: guaranteeing billions of dollars in bank debt and

  October 9, 2008 United States May Take Ownership Stake in Banks Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many U

October 8 Report: Nearly 1 in 6 Homeowners in Financial Distress The slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the

  October 7, 2008 Fed Considers Plan to Buy Companies' Short-Term Debts Under a proposal being discussed with the Treasury Department, the Federal Reserve could buy vast amounts of the unsecured short

  October 6, 2008 Countrywide to Set Aside $8.4 Billion in Loan Aid As part of a settlement with officials in 11 states, Countrywide Financial has agreed to the largest program ever to modify home

  October 3, 2008 Federal Bailout House Prepares for Second Bailout Vote The fate of an emergency economic rescue plan remains uncertain this morning as the House prepares for a midday vote, but both

  October 2, 2008 Federal Bailout Senate Passes Bailout Plan; House May Vote by Friday The Senate strongly endorsed the $700 billion economic bailout plan last night, leaving backers optimistic that

  October 1, 2008 Federal Bailout Senate to Vote Today on the Bailout Plan Senate leaders scheduled a vote today on a $700 billion financial bailout package after accepting tax breaks and a higher

  September 30, 2008 Federal Bailout House Rejects Financial Rescue, Stocks Plummet The House of Representatives voted down (228-205) a $700 billion rescue plan for the nation's financial system