America's new financial meltdown czar gets to work
Treasury Department Assistant Secretary Neel Kashkari puts his jacket on as he arrives at the Dirksen Senate Office Building, on Capitol Hill in Washington. Kashkari has been selected to head the Trea
Bipartisan Support for Wall St. Rescue Plan Emerges
- Brian Knowlton & David Herszenhorn - The New York Times
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- September 21, 2008
WASHINGTON — Bipartisan support appeared to be emerging Sunday among American lawmakers to approve quickly a vast bailout of financial institutions in the United States. The Bush administration has pr...
Wall Street rebounds after intervention promise
Trader Theodore Weisberg smiles as he works on the floor of the New York Stock Exchange, Thursday, Sept. 18, 2008. Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher a
Government takes over Fannie Mae, Freddie Mac
By Glenn Somerville
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, in what could be the biggest federal bailout in U.S...
Oil prices "heating up" for summer
Traders work the crude oil options pit at the New York Mercantile Exchange Friday, July 11, 2008 in New York. Oil prices spiked to a new record above $147 a barrel Friday, as rising hostilities betwee
Outlook Darker as Jobs Are Lost
- The New York Times
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- July 04, 2008
By LOUIS UCHITELLE
The nation’s employers eliminated tens of thousands of jobs in June for the sixth consecutive month in a steady chipping away of the work force that seems likely to leave the eco...
The Same Old Song on High Gas Prices
- The New York Times
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- May 23, 2008
WASHINGTON — Representative Debbie Wasserman Schultz peered down at the executives from the nation’s biggest oil companies, arrayed before the House Judiciary Committee like five targets in a carnival...
Pain at the Pump
Oil rose above $126 a barrel Friday for the first time ever. Oil's surge is lifting retail gasoline prices in the United States. Many analysts say national average prices could rise as high as $4, alt
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