House Speaker Nancy Pelosi says the administration's proposed $700 billion financial bailout plan lacks necessary safeguards to prevent abuses in the future. She wants better oversight provisions, limits on the pay of Wall Street executives and prot...
The White House says the price tag for the administration's proposal to deal with the nation's financial crisis will range up to 700 billion dollars. That's the amount of spending authority being sought for the Treasury Department to buy up troubled...
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are sitting down at this hour with congressional leaders to discuss the widening economic crisis. Stock prices rebounded sharply today. That followed a report the administration has a ne...
The Treasury Department said today it would issue new debt to raise money for the Federal Reserve. It comes just after the government announced another multi-billion-dollar bailout on Wall Street. NPR's Yuki Noguchi reports. Treasury took the unusua...
Investment bank Goldman Sachs reported a 70% drop in income today, following an eventful day yesterday. All eyes are now focused on the health of the remaining firms that make up the pillars of Wall Street. NPR's Yuki Noguchi reports. With Bear Stea...
President Bush tried to calm investors' nerves this morning, a day after two venerable financial institutions were hobbled by the mortgage crisis. NPR's Dina Temple-Raston reports. The president spoke to reporters just hours after investors began to...
Nearly 2,000 people have been rescued from flooded or damaged homes in Texas and areas hit by Hurricane Ike. But officials say thousands more who ignored evacuation orders are likely stranded and waiting for help. People who were evacuated are being...
Hurricane Ike has flooded or damaged thousands of homes in Texas and knocked out electricity to millions of people there. Officials are warning that it could take weeks before power is completely restored. But the storm surge from Ike was not as dev...
Hurricane Ike is continuing to move northwest through the Gulf of Mexico. But already winds are picking up with the storm's outer bands pushing waves over Galveston's 17-foot-high seawall even though the storm is more than 100 miles out at sea. In a...
President Bush said today when history reviews America's response to the September 11th attacks, it will find we did not tire, we did not falter and we did not fail. The president today marked the seventh anniversary of the 9/11 attacks with a momen...
