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Both Campaigns Distorting Facts on Money Matters

John McCain has asserted that his Democratic rival plans to raise taxes on anyone making more than $42,000 a year and will force all Americans into a "government-run" health-care system. Barack Obama has accused the GOP presidential candidate of planning "the largest middle-class tax increase...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-15-2008
Paulson's Change in Rescue Tactics

Even as President Bush signed the $700 billion rescue plan for the financial system two Fridays ago, Treasury Secretary Henry M. Paulson Jr. was beginning to realize that the way he had planned to spend the money might not fix the meltdown in global markets.

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
Bush's Warnings of Danger Are No Longer as Powerful

For the ninth day in a row, President Bush outlined a frightening scenario yesterday that could occur if Congress does not enact his financial rescue package: More banks will fail, home values will plummet further, and a stock market collapse will wipe out the retirement and savings accounts of...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008
Candidates Follow Up on Plan

After watching the spectacular defeat of a $700 billion financial rescue plan in the House on Monday, Sen. Barack Obama yesterday accelerated his effort to sell the proposal, seeking to redress what his advisers believe has been a failure by the White House to adequately explain the plan.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008
For Obama, Dialogue Drove Week's Work

When the news first broke on Wednesday that Sen. John McCain had suspended his campaign, a wave of distress rippled throughout the Obama campaign -- from the Chicago headquarters to the traveling entourage on the ground in Florida.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-27-2008
Paulson's Powers of Persuasion Tested

Behind closed doors at an early breakfast this summer, Federal Reserve Chairman Ben S. Bernanke shared his concerns with Henry M. Paulson Jr. about the treasury secretary's plans for a massive bailout of a troubled segment of the financial markets: Could he really get a Democratic Congress to grant...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-26-2008
Bush Calls Bailout Vital to Economy, Will Meet With McCain and Obama

President Bush said yesterday that the credit crisis that has seized world markets could devastate the U.S. economy unless Congress acts quickly to approve a $700 billion bailout plan for the nation's financial system, a message aimed at reluctant lawmakers as much as a deeply skeptical public.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-24-2008
Bailout May Delay Funds for New Law

The proposed rescue of the financial system is holding up an infusion of funds that federal safety regulators say they need to implement a sweeping new consumer product safety law.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-24-2008
Washington Readies Sea Change for Wall Street

The Bush administration yesterday raised the price tag on its emergency plan to revive the U.S. financial system, asking Congress for authority to spend up to $700 billion to relieve crippled financial institutions of their mortgage-based assets, an investment that would exceed the current cost of.....

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-20-2008

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