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As Support for Auto Aid Stalls, Efforts Shift to GOP Loan Plan

Congressional allies of the auto industry were rushing late yesterday to put together a bipartisan aid package for faltering Detroit car companies, but lawmakers said they may leave town today without taking action.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-19-2008
Deadline Nears for Banks as Treasury Program Progresses

NEW YORK, Nov. 10 -- Publicly traded banks have until Friday to apply for capital injections from the Treasury Department, and it will take "a few months" for the government to invest all of the $250 billion that was set aside for preferred-stock investments in financial firms, according to...

Posted to washingtonpost.com (Weblog) by Anonymous on 11-10-2008
As Ford and GM Bleed Cash, A More Urgent Push for Loans

General Motors and Ford, struggling with the sharpest decline in auto sales in more than two decades, are rapidly burning through their cash with GM saying it likely will only have "the minimum amount necessary to operate its business" through the rest of the year.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-07-2008
Russian Elite Look to Kremlin For Aid as Wealth Evaporates

MOSCOW, Oct. 16 -- In April, Oleg Deripaska seemed unstoppable.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-16-2008
Trading Suits For Sweats as Fuel Costs Spur Telecommuting

A couple of years ago, when Lynne Varney asked her boss if she could work at home occasionally, she got a quick no. But with gas prices at $4 a gallon and an 80-mile-a-day commute between the Maryland and Virginia suburbs, Varney, 46, found her supervisor more sympathetic.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-11-2008
As Suitors Fight Over Wachovia, Fed Tries for Deal

A high-stakes battle over who will gain control of the nation's fourth-largest bank intensified over the weekend, with the Federal Reserve acting as a go-between in the pursuit of Wachovia by both Citigroup and Wells Fargo.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-05-2008
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
Debate Still in Limbo as Democrats Blame McCain For Interrupting Process

The first debate between John McCain and Barack Obama, scheduled for tonight, remained in limbo last night after the presidential candidates left a White House meeting without a deal on a $700 billion economic rescue plan.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-25-2008
Bailout Is As Big as Budget for Pentagon

The $500 billion that the U.S. government estimates that it will cost to buy the risky investments of financial institutions in coming months approaches what it costs to run the Pentagon for a year.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-19-2008
Republicans Push Back As Paulson Urges Aid For Mortgage Giants

Treasury Secretary Henry M. Paulson Jr. returned to Capitol Hill yesterday to quell a potential rebellion among House Republicans worried that the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac could lead to a taxpayer bailout.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 07-16-2008

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