1. The House just defeated a 700-billion-dollar financial industry bailout package. Both Republicans and Democrats voted against the unpopular bill. President Bush said he is very disappointed with the vote. 2.On Wall Street, stocks plummeted before...
1. The details are being finalized. But New Hampshire Senator Judd Gregg says they've worked out everything . That is a new and improved financial bailout plan emerges in Washington. Congressional leaders hope to have a House vote on the measure tom...
1. Actor Paul Newman has died at the age of 83. His publicist says he died yesterday at his farmhouse near Westport, Connecticut after a long battle with cancer. Newman was a ten-time Oscar nominee, winning once for the Color of Money in 1987. 2. Co...
1.The Dow closes up as talks drag on in Washington about rescuing the nation's financial institutions. Plans for a 700-billion-dollar bailout come as US suffers its largest bank collapse in history. Republicans on Capitol Hill want less government i...
1. It looks like there is an agreement in principle among lawmakers on a 700-billion-dollar bailout of the financial industry. The plan would have to pass both houses of Congress, then be signed by the president. 2. The first presidential debate pla...
1. Republican presidential nominee John McCain says he will stop campaigning tomorrow so he can return to Washington and focus on the country's economic crisis. He's also calling on his staff to work with Barack Obama's campaign so they can delay th...
1. Federal Reserve Chairman Ben Bernanke is warning Congress that it must approve the administration's 700 billion dollar bailout,or risk a recession. He told the Senate Banking Committee that the failure to bail out the financial industry would bri...
1. A key Democrat in Congress says President Bush has agreed to strong congressional oversight and mortgage aid as part of the 700-billion-dollar bailout plan. An administration official says there's an agreement to prevent foreclosures on mortgages...
1. Police say six children are in temporary custody. That's after law enforcement raided a church compound in Arkansas yesterday as part of a child-porn investigation. The compound belongs to evangelist Tony Alamo. He's denying any involvement with...
1. The Bush administration and Congress are working through the weekend to hammer out a Wall Street rescue plan. President Bush is asking lawmakers to let the government buy 700 billion dollars in bad mortgages from US financial institutions for the...
1.Stocks soar as the government unveils plans to restore calm to the financial system. The Dow closes up more than 300 points, extending a two-day rally. Investors appear soothed by plans to rescue banks from billions of dollars in bad debt. 2.Unite...
1. President Bush says the financial markets are adjusting to the extraordinary measures the government has taken to stabilize the economy. He did not specify what additional steps the government might take. But Bush cancelled his travel plans for t...
1. Wall Street took it on the chin again today. The Dow closed down more than 400 points. The drop comes on the heels of the AIG bailout and as investors express more concern about investment banks. 2. US officials say an assault on the American Emb...
1. The Dow Industrials rose nearly 142 points after more than a 500-point drop Monday. The move came as the Fed left interest rates unchanged and also pumped 70 billion dollars into the financial system. 2. Residents of Galveston in Texas have been...
1. Authorities in Texas say nearly 2,000 people who refused orders to evacuate before Hurricane Ike have been rescued. Crews are searching door to door in Galveston, residents who got out are being urged to stay away. Millions are without power thro...
