The Federal Reserve and the Treasury are reportedly ready to announce a major lending program today as part of the economic recovery effort. It would help underwrite hundreds of billions of dollars in commercial debt including such things as car loa...
Federal regulators are reportedly conferring with executives from Citigroup about a possible rescue plan. The New York Times says under the proposal, if Citigroup's losses on shaky mortgage-related assets reach a certain level, the government would...
President-elect Barack Obama says he has directed his economic team to develop a sweeping economic stimulus plan that will be broader in scope than proposals he spoke of during the campaign. There'll be a two-year nationwide effort to jumpstart job...
The stock market rebounded sharply today on news that President-elect Barack Obama has chosen a new Treasury Secretary. NPR's Scott Horsley reports. Investors cheer the selection of New York Federal Reserve Bank President Timothy Geithner to serve a...
Despite early indications of some progress toward reaching an agreement on a plan to help the ailing U. S. automakers， it now appears that is not going to be happening until next month. Democratic leaders in Congress say they have postponed the vot...
NPR has confirmed that President-elect Obama has selected former Democratic Senate Majority Leader Tom Daschle of South Dakota to head the Department of Health and Human Services. NPR's Julie Rovner has more. Daschle has been one of Obama's closest...
Washington attorney Eric Holder will be nominated by President-elect Barack Obama as his choice for Attorney General according to a source close to the transition team. The team has yet to comment publicly. Holder, a former US attorney, also served...
Congressional lawmakers are back on Capitol Hill this week for a special session on the nation's teetering auto industry. Today the Senate began debate on whether to come to its aid. NPR's Brian Miller reports. As domestic carmakers teeter on the br...
Firefighters have been making progress in containing two of the major wildfires burning in Southern California despite tricky variable winds. But a third fire is raging out of control, spreading northward from Orange County into other heavily popula...
The world leaders at the summit in Washington on the global financial crisis have agreed on an action plan that includes greater regulation of financial markets, something European leaders have been advocating for years. And countries such as India,...
