December 23, 2008 Heavy snowfall, icy roads and subzero temperatures have gripped the northern half of the nation from the Pacific Northwest to the Northeast and Mid-Atlantic.
December 19, 2008 President Bush on Friday unveiled a long-awaited plan to bail out the struggling auto industry to avoid bankruptcy and massive layoffs that could deepen the nation's recession, offering carmakers $17.4 billion in short-term financing.
December 16, 2008 President-elect Obama announced Tuesday his pick for secretary of education, calling Chicago schools chief Arne Duncan a hands-on reformer with a proven record of success.
December 12, 2008 The Senate's rejection of the auto bailout plan left Detroit's automakers scrounging for a short-term cash infusion to forestall imminent bankruptcy. The White House said it is considering tapping into the Wall Street rescue fund.
December 11, 2008 President-elect Obama presented former Sen. Tom Daschle of South Dakota as his pick for secretary of health and human services, but the news conference was dominated by questions about Illinois Gov. Rod Blagojevich's arrest on corruption charges.
November 25, 2008 President-elect Obama announced the latest member of his circle of economic advisers Tuesday, giving Peter Orszag the nod as director of the Office of Management and Budget and promising to go through the federal budget "line by line" to eliminate unnecessary spending.
November 12, 2008 Instead of being used to buy toxic assets, Treasury Secretary Henry Paulson says a $700 billion bailout program will be used in other ways to stabilize financial markets. The program will now include companies that issue credit card debt, auto loans and student loans.
October 29, 2008 In 1944, meetings at a New Hampshire resort produced the Bretton Woods Agreement, creating the World Bank and International Monetary Fund and shaping global monetary policy for decades. That history may loom over a coming economic summit of world leaders. But is there any comparison?
October 27, 2008 A financial tsunami continued to deluge world financial markets Monday, with Japan's Nikkei closing at its lowest level in more than a quarter-century and the Dow falling more than 200 points. Meanwhile, the U.S. announced that it will buy $125 billion worth of shares in nine major banks this week.
October 24, 2008 It has been another day of turmoil on Wall Street as the prospect of a global recession moved closer to reality and investors around the world responded by selling big. The Dow closed down 312 points to 8,378.
October 22, 2008 Wall Street, spooked by a slew of gloomy earnings reports out Wednesday, shrugged off the latest White House measures aimed at stabilizing global markets and instead pushed the Dow sharply lower. World leaders will gather Nov. 15 in Washington to address the global financial crisis.
August 18, 2008 The Bush administration loses an ally in its war on terrorism. Musharraf's own future is unclear; after surviving repeated assassination attempts as president, he may now have to go into exile for his own safety.
July 17, 2008 The United States must commit to end its dependence on carbon-based fuels and switch to clean, renewable sources in the next decade, former Vice President Al Gore said Thursday. Gore challenged the nation to find a way, within 10 years, to produce all electric power from renewable sources.
July 15, 2008 Amid soaring gas prices, the most depressed real estate market in decades, falling home prices and tight credit, President Bush defended his administration's efforts to stabilize the economy in a news conference Tuesday.
April 29, 2008 Faced with mounting anxieties about U.S. economic problems as energy prices soar and more Americans lose their homes in foreclosures, President Bush urged Congress to help allay those fears. At a news conference Tuesday, the president discussed energy prices, food costs and farm legislation.
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