Global Pullback Could Affect Currency Markets
Central banks around the world are moving to further slash interest rates as they seek to contain the damage from the bursting of the biggest credit bubble in history.
The Federal Reserve is poised to cut its benchmark rate for the second time in two weeks at a pivotal meeting in [...]

Congressional leaders say changes to the Paulson plan will draw enough votes, but they were confident on Monday, too

U.S. Rep. Barney Frank (D-MA) and Rep. Rahm Emanuel (D-IL) speak to the press after the House of Representatives voted down the bailout package on Sept. 29, 2008 in Washington, DC Tim Sloan/AFP/Getty Images
On Thursday night, Oct. [...]

A vote is scheduled for Wednesday night on a modified Paulson plan, with tax breaks and more FDIC protection for depositors
After a seemingly quiet day in Washington—at least by the standards of recent weeks—the saga of the Treasury’s stalled $700 billion rescue package for the financial sector took another surprising turn early on Tuesday [...]

Stock index futures rose on Tuesday, pointing to a partial rebound from Wall Street’s worst slide in more than 20 years, as investors bet that Washington will work to revive a plan to stabilize the U.S. financial system.

Tags: Bailout, Wall Street

RENO, Nevada (Reuters) - Presidential candidate Barack Obama urged lawmakers on Tuesday to return to the negotiating table to work on a financial rescue deal and offered a new proposal he said could help attract support.

Tags: Bailout, Barack Obama, jobs, John McCain, small businesses

Think stocks are volatile? The dislocations in the credit markets are even more serious, and they pose a greater threat to the economy
With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around the world.

Tags: american international group, Bailout, Bankruptcy, Credit Crunch, debt, [...]

White House and party leaders must sell a revised financial rescue to Congress, with a wary eye on market reaction
Is the deal finally on?
Lawmakers from both parties once again announced the broad framework of a pact on Sunday afternoon, Sept. 28, to rescue U.S. financial markets. Many details of Treasury Secretary Henry M. Paulson Jr.’s [...]

By John Tozzi
How directly will small business lending be affected by the ongoing financial crisis and forthcoming bailout? The evidence is mixed. Treasury Secretary Henry Paulson told Congress that the $700 billion plan was needed “in order to avoid a continuing series of financial institution failures and frozen credit markets that threaten American families’ financial [...]

Congressional leaders announce a pact in principle, but face unhappy rank-and-file Republicans. Can John McCain swing them? Does he want to?
The deal is on. No, it’s off. No, it’s on again.
It was a day in Washington that would have tried the patience of Monty Hall. After several days of nearly nonstop negotiations, congressional leaders scrambled [...]