$700 Billion Bank Bailout (2008)

(Photo: SAUL LOEB/AFP/Getty Images) by Frank James As the fingerpointing continues following the House's failure to pass the $700 billion bailout, a lot of blame is going to Treasury Secretary Henry Paulson Jr. for first trying to run roughshod......

McCain's campaign sends out an e-mail praising the SEC for dropping "mark to market" rules -- financial accounting rules that essentially require that securities that have lost value be written down to their actual value instead of being carried at......

Rep. Peter DeFazio introduces the "No Bailout Act" with other House members on September 30, 2008 on Capitol Hill. (Photo: TIM SLOAN/AFP/Getty Images) by Frank James You know the failed but still alive $700 billion bailout proposal has scrambled......

by Mark Silva Ron Paul and Dennis Kucinich are on top. Let history record that, for one fleeting moment perhaps this week, the most anti-establishment candidates for either major parties' presidential nominations this year - two who stirred a lot......

by Mark Silva The stunning news about the American economy delivered in the private session that Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson held with congressional leaders on Capitol Hill two weeks ago today has been...

by Mark Silva With added sweeteners for resistant Republicans and Democrats alike, Senate leaders are voicing confidence today that they can win the $700-billion bailout of the nation's financial markets stalled on Capitol Hill. "We're going to fix the...

Wall Street isn???t alone in looking for a bailout; the Wall Street Journal reported today that even after getting $25 billion in low-interest federal loans to upgrade their plants so they can make more fuel-efficient cars (President Bush signed the......

em>by Mark Silva The House has cleared the path for a $700 billion bailout of the nation's financial institutions today, warming up to a sweetened plan it rejected Monday. With a 223-205 vote this morning, the House has blocked any......

by Bob Secter Imagine for a moment if John McCain were running against John McCain. The first John McCain might be having a field day right now attacking the second John McCain for voting in the U.S. Senate last week......

by Mark Silva President Bush will step out today for a pep-talk about the economy, a badly stumbling economy that he had called fundamentally "sound'' not many months ago. He will be talking at an office products company in suburban......

by Mark Silva For the record, the federal budget defict reached a new record in the 2008 budget year, which ended last week: $438 billion. For the new year, the president's Office of Management and Budget already has projected another......

by Frank James The second presidential debate between Senators Barack Obama and John McCain comes at a time in the race when the Democratic presidential nominee has taken a significant lead in national polls though it's still in the single......