World News Center
How to build a better bailout
October 7, 2008Not that the folks at the Treasury and the White House are asking, but if I were in charge of the $700 billion bailout of the financial system - and yes, it's a bailout, because it involves paying more for toxic assets than non-government buyers would pay - I'd have the Treasury run out today and borrow $700 billion before the financial world comes to its senses.
Financial system needs reform
October 7, 2008A lack of appropriate and necessary banking regulation by governments around the globe led to the current economic crisis, according to a report by a body of leading economists and experts released Monday.
Poll: 60% say depression 'likely'
October 7, 2008Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.
Paulson taps bailout chief
October 7, 2008The Treasury Department on Monday sought to answer the first of many questions surrounding how it will implement the $700 billion financial rescue plan.
Citi files $60 billion Wachovia suit
October 7, 2008Citigroup, whose planned purchase of Wachovia was scuttled by Wells Fargo, announced Monday it is seeking more than $60 billion from the banks, accusing them of interfering with its earlier purchase agreement.
G-7 unsuited to global crisis - World Bank
October 7, 2008Read full story for latest details.
Market meltdown: Global problem, global cure
October 7, 2008Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout.
FDIC: Insurance increase boosts confidence
October 7, 2008Read full story for latest details.
Fed pumps billions more into banks
October 7, 2008The Federal Reserve announced Monday that it will increase by hundreds of billions of dollars the money it makes available to the nation's banks.
Treasury to expand debt auctions
October 7, 2008Read full story for latest details.
