Henry Paulson

The Bush administration's newly aggressive effort to help people facing foreclosure and shore up the troubled mortgage industry was sparked by growing concerns of an election-year recession, and the political damage that would cause, analysts said...

The rapid deterioration of Fannie Mae's and Freddie Mac's financial health made a federal takeover of the mortgage giants inevitable. Yet it still seemed sudden when the government swooped in over the weekend, putting the companies under the strict...

The less the Bush administration has to say this week about fraudulent sales of cable TV converter boxes, the better -- not for cable customers, but for investors. In particular, the ability of California universities to recover funds lost in the Enron...

Hopes that the economy could shake off the sub-prime mortgage mess and dodge recession grew fainter Friday as the Labor Department reported that U.S. employers last month added the smallest number of new jobs in more than four years -- driving the...

Today's question: How bad is the current fiscal crisis, and why can't we just let the markets correct themselves? All week, Robert Kuttner and J.D. Foster debate election-year economics and Washington's response to the financial crisis. Come back with...

IT'S TOO EARLY TO SAY whether any laws were broken in the Bush administration's dismissal of eight U.S. attorneys, a purge that was justified as an exercise of presidential power though both President Bush and his attorney general profess to be ignorant...

NEW YORK (AP) -- Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 7 percent. The almost 780-point decline was...

WASHINGTON - President George W. Bush Wednesday night tried to win over Americans infuriated at tossing a $700 billion lifeline to Wall Street megabuck moguls -- saying the alternative is a Depression-style "financial panic" of lost jobs, bank failures...

NEW YORK (AP) - The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which...

NEW YORK (AP) - President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008. The magazine has named Treasury Secretary Henry Paulson, French President Nicolas Sarkozy, Gov. Sarah Palin and...

WASHINGTON (AP) - Citing danger to the national economy, the Bush administration approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans in exchange for deep concessions from the desperately troubled...