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.
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.
The US government plans to invest directly in US banks for the first time since the Great Depression, says Treasury Secretary Henry Paulson.
Governments rushed out new emergency measures in a desperate bid to stop the haemmorhaging of confidence on Thursday.
Bank rescues spread in Europe on Tuesday and some investors expressed faith that the US Congress would eventually pass a -billion bailout plan.
US Treasury Secretary Henry Paulson and leading lawmakers early on Sunday reported "great progress toward" reaching a Wall Street bail-out plan.
The architects of a -billion bailout for the United States financial system urged lawmakers on Tuesday to move quickly.
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.
The Bush administration asked Congress on Saturday for -billion to bail out firms burdened with bad mortgage debt.
The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression.
The US government seizes control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US economy.
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 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 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 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…
Stocks tumbled on Thursday as investors recoiled following a further decline in the dollar, spikes in gold and oil prices and a warning that a Carlyle Group fund is near…
The momentum towards regional integration in East Africa received encouragement from the United States this week, with US Treasury Secretary Henry Paulson saying that it should…
Ratcheting up the pressure on Tehran, the United States on Thursday designated Iran’s Revolutionary Guard Corps a proliferater of weapons of mass destruction and its elite Qods…
United States President George Bush on Friday called for a ”strong and transparent” way for nations to measure progress on fighting climate change, but said each country should…
United States Federal Reserve Chairperson Ben Bernanke told Congress on Thursday that the credit crisis has created ”significant market stress” and offered fresh assurances that…
