Business Institutions

by Mark Silva President Bush, meeting with representatives of the world's major industrial nations, maintains that they are making concerted efforts to confront a global freezing of lending that is dragging down markets worldwide. "I'm confident that...

by James Oliphant The Treasury Department Tuesday announced that it has selected Bank of New York Mellon to implement the administration's "rescue plan" to bolster distressed financial institutions. The department hired the New York City-based firm Monday...

by Mark Silva At Camp David today, on a glorious, crisp fall day in the Maryland mountains in the midst of an international financial meltdown, President Bush huddled with the president of France, Nicolas Sarkozy, and the leader of the......

by James Oliphant As the credit crunch has struck markets worldwide, one lingering question has been how the turmoil will affect China's burgeoning economy. Tuesday evening in New York, Treasury Secretary Henry Paulson spoke about China's economic...

by Mark Silva President Bush, who will convene a summit of world leaders on the economic crisis with a dinner at the White House on Friday and meetings on Saturday, will spell out his goals today in an address to......

by Frank James Treasury Secretary Henry Paulson Jr. is likely to feel pretty beat up by the time the just-convened House Financial Services Committee meeting ends today. Some lawmakers are upset that the Paulson changed the thrust of the $700......

by Frank James Angry lawmakers are holding a hearing this morning to grill Treasury's Interim Assistant Treasury Secretary for Financial Stability Neel Kashkari on, among other matters, why banks aren't using the billions of taxpayer dollars from the...

by Mark Silva As President Barack Obama starts campaigning for a $775-billion-or-bigger economic stimulus plan - he concedes that his advisors have launched a plan at "the low end'' and that it may grow before Congress is finished with it......

Schumer, introducing Geithner as home state Senator, follows up on critical comments by ranking Republican Charles Grassley about Geithner's failure to pay taxes. "Tim has made some mistakes," Schumer says, but he "freely admitted and corrected" them on...

Obama's proposed $500K limit on executive compensation at bailed out Wall Street firms seems to be less than meets the eye: 1. It won't be retroactive, and seems to imply that Obama won't go after the Wall Street recipients......

by Jim Puzzanghera and Maura Reynolds Treasury Secretary Timothy Geithner this morning unveiled the Obama administration's $1.5-to-$2 trillion plan for stabilizing the nation's malfunctioning financial markets, including a public-private partnership to...

by Frank James It looks like there was a debate within the Obama Administration pitting those with populist sensibilities against those with a soft spot for plutocrats how to handle the next financial bailout and those for the plutocrats won.......