Henry Paulson
latest news & developmentsObama team working on overhaul of financial rescue
Barack Obama’s economic team is working on an overhaul of the -billion programme, with the aim of doing more to spur the flow of credit to the US.
Bail-outs? Can we have some too?
In the season of goodwill, Henry Paulson is proving to be an American Santa Claus, doling out sacks of money to aid ailing businesses across the US.
US to invest directly in banks
The US government plans to invest directly in US banks for the first time since the Great Depression, says Treasury Secretary Henry Paulson.
World govts rush out financial emergency plans
Governments rushed out new emergency measures in a desperate bid to stop the haemmorhaging of confidence on Thursday.
Europe rescues more banks as US rejects bailout
Bank rescues spread in Europe on Tuesday and some investors expressed faith that the US Congress would eventually pass a -billion bailout plan.
‘Great progress’ on US financial plan
US Treasury Secretary Henry Paulson and leading lawmakers early on Sunday reported "great progress toward" reaching a Wall Street bail-out plan.
Paulson, Bernanke push bailout; Lehman deal looms
The architects of a -billion bailout for the United States financial system urged lawmakers on Tuesday to move quickly.
Oil rises in face of US financial bailout
Oil prices rose on Monday as investors grappled with the possible effects on crude demand of a -billion US proposal to buy bad mortgage debt.
US Congress examines $700bn market bailout plan
The Bush administration asked Congress on Saturday for -billion to bail out firms burdened with bad mortgage debt.
US launches all-out attack on credit crisis
The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression.
US govt takes over Fannie Mae, Freddie Mac
The US government seizes control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US economy.
Paulson says China market reforms to continue
China is too far down the road toward a market economy to turn back from reforms now, even if United States financial market turmoil is causing it some qualms, US Treasury…
China urges US to see ‘true nature’ of Dalai Lama
China urged the United States to understand the true nature of the Dalai Lama clique — which it blames for stirring up last month’s violence in Tibet — and support China’s ”just…
Chinese security forces seal off Tibet capital
Chinese security forces sealed off parts of Lhasa on Saturday and Tibet’s government-in-exile said it was investigating reports of fresh protests, weeks after the city was shaken…
JP Morgan to buy Bear, Fed opens lending to Wall Street
JP Morgan Chase set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the United States Federal Reserve expanded lending to securities firms for the first…