U.S. reaches bailout deal in bid to stem crisis (South County Spotlight)
Story date: 2008-09-28 01:04:39
Added on: 2008-09-28 01:20:11
WASHINGTON (Reuters) - U.S. lawmakers on Sunday were set to sign off on a deal to create a $700 billion fund to buy bad debt from ailing banks in a bid to stem an escalating credit crisis that threatened to engulf the global economy.
Read more...
Related Stories:
-
Crisis on the world stage - CNN Money
NEW YORK (CNNMoney.com) -- World leaders continued meeting Sunday to explore what might amount to drastic solutions to stem the fallout from...
2008-10-12 10:57:00 -
Bailout Deal Could Come Sunday - Forbes
Washington, D.C. - It's increasingly likely that Congress will reach a deal on the bailout bill by Sunday evening. "One of the...
2008-09-27 12:26:00 -
Lawmakers Clash on Mortgage Bill, Bankruptcy Changes (The Memphis Daily News)
WASHINGTON (AP) - Lawmakers clashed on how to deal with the home lending crisis last week, as Senate Republicans blocked a Democratic...
2008-02-29 10:11:55 -
TOPWRAP 4-U.S. bailout deal vote, market verdict awaited - Forbes
WASHINGTON (Reuters) - U.S. lawmakers pushed to finalize a deal to create a $700 billion government fund to buy bad debt and...
2008-09-28 11:14:00 -
Congress aims for financial bailout deal by Sunday - USA Today
A bipartisan group of lawmakers said Thursday they agreed to the outlines of a $700 billion bailout for the financial industry that...
2008-09-27 04:58:00 -
Wachovia says it will press ahead with Wells deal (WMCTV Memphis)
Wachovia responded Sunday to a New York judge's order temporarily blocking the sale of the bank to Wells Fargo with a lawsuit...
2008-10-05 02:23:27 -
Momentum builds for foreclosure relief (CNNMoney.com via Yahoo! Finance)
Congress isn't done debating how best to stem the foreclosure crisis, but one near-certainty has emerged: Lawmakers will pull together a...
2008-04-18 12:13:00 -
Lawmakers, Treasury lock horns on foreclosures (South County Spotlight)
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial...
2008-11-19 01:40:23