News & Info
House to meet Thursday after rejecting bailout
GOP, Democrats argue effect of Pelosi speech on $700 billion plan's failure …more>
Bush: ‘Our entire economy is in danger’
President uses prime time address to make case for $700 billion bailout …more>
Residents stream into Ike-battered Galveston
45,000 islanders fled storm's wrath; hotels, shelters open up to residents …more>
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House to meet Thursday after rejecting bailout
GOP, Democrats argue effect of Pelosi speech on $700 billion plan's failure
WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged 778 points, the most ever for a single day.
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Bush: ‘Our entire economy is in danger’
President uses prime time address to make case for $700 billion bailout
WASHINGTON - President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed businesses and even "a long and painful recession."
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Residents stream into Ike-battered Galveston
45,000 islanders fled storm's wrath; hotels, shelters open up to residents
GALVESTON, Texas - Ten days after Hurricane Ike, this devastated beach town reopened to residents Wednesday with stern warnings about what still lurks on the island - rotting cattle carcasses, snakes and swarms of mosquitoes - and what isn't there: drinking water, reliable electricity, medical care or sewer service.