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Democrats' Stimulus Plan May Reach $700 Billion

Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total as much as $700 billion over the next two years.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-23-2008
Democrats Craft Economic Plan

As the euphoria of the election gave way yesterday to more sobering evidence of decline in the global economy, Democrats moved swiftly to convert their mandate into an economic action plan that could include up to $100 billion in immediate stimulus spending and new tax cuts for the middle class...

Posted to washingtonpost.com (Weblog) by Anonymous on 11-06-2008
Arduous Transition Awaits Next President

If Sen. Barack Obama wakes up as the president-elect on Nov. 5, he will immediately assume responsibility for fixing a shredded economy while the Bush administration is still in office. If Sen. John McCain wins the election, he will face an imminent confrontation over spending with a Democratic...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-18-2008
Smaller Banks Resist Federal Cash Infusions

Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-14-2008
World Leaders Vow Concerted Action

U.S. stock markets gyrated wildly yesterday as the world's top finance ministers met in Washington to hammer out a joint set of principles aimed at containing the financial crisis and restoring badly damaged confidence.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-10-2008
Fears of Recession Deepen Rout

Fear and foreboding took hold on Wall Street yesterday, as the stock market again plunged and investors became convinced that the nation is on the verge of a deep and prolonged recession. The rout continued in Japan, where stocks plummeted in early trading today.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-09-2008
Bush Enacts Historic Financial Rescue

With evidence mounting that the nation faces a sharp economic downturn, Congress yesterday gave final approval to what may be the biggest government bailout in American history, authorizing the Bush administration to spend $700 billion to try to thaw frozen credit markets and prevent a deep...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-03-2008
Support Rallied as House Readies for Its Second Bailout Vote

A tide of lobbyists representing corporate executives, small-business owners, farmers and retirees swamped Capitol Hill yesterday in hopes of pushing an emergency economic rescue plan through Congress, but the fate of the measure remained uncertain as the House prepared for a climactic vote at...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-02-2008
Lawmakers Revise Rescue Plan

Prodded by a wave of angry calls from constituents, congressional leaders dialed back partisan bickering over the $700 billion Wall Street rescue plan yesterday and advanced modest changes to the legislation in an effort to win over House Republican holdouts.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008
Most Voters Worry About Economy

Voters are deeply divided over the terms of the government's $700 billion economic rescue package but overwhelmingly fear that the House's rejection of the measure on Monday could deepen the country's financial woes, according to the latest Washington Post-ABC News poll.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008

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