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Bailout Package

Ireland Expects Debt Restructuring Within Three Years, Report Says

Posted 07.08.2011 | Business

Ireland's government expects the country's debts will be restructured within the next three years, The Irish Mail on Sunday reported, citing an un...

Portugal Unlikely To Seek EU Bailout Package

Posted 05.25.2011 | Business

LISBON/BRUSSELS - The resignation of Portugal's prime minister will dominate a summit of EU leaders on the European economy on Thursday and Friday...

Next! Six More Banks Get TARP Funds

BailoutSleuth | Chris Carey on February 2, 2009 8:15 PM | Posted 05.25.2011 | Business

Six more banks -- four of them in California -- have announced their approval for the Treasury Department's $700 billion Troubled Asset Relief Program...

Stocks surge higher; credit worries persist

AP | JOE BEL BRUNO and TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 bil...

Bailout Fails In The House

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Politics

WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...

Bailout Bill: Full Text Of Plan

The Huffington Post | Posted 05.25.2011 | Business

Read below for the full text of the compromise bailout legislation agreed to on Sunday afternoon. Click on "full screen" to see a larger version. For...

Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain | Jed Lewison | Posted 05.25.2011 | Politics

Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

Did John McCain Help Main Street in the Bailout Bill? hmm, Not So Much

Hilary Rosen | Posted 05.25.2011 | Politics
Hilary Rosen

Democratic negotiators were being held hostage by the House Republicans led by John McCain, so their options were limited in how much they could get done.

House rejects $700B bailout in stunning defeat

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...

New York Times: "A Day Of Political Theatre" As Congress Reaches General Bailout Deal

NY Times | DAVID M. HERSZENHORN | Posted 05.25.2011 | Politics

House and Senate negotiators from both parties said Thursday that they had reached general agreement to move forward with the administration's propose...

Bailout deal breaks down; Paulson back to Capitol

AP | JENNIFER LOVEN and JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Politics

WASHINGTON — A Republican rebellion stalled government efforts Thursday to avoid economic meltdown, a chaotic turnaround that disrupted the chor...

Sam Stein

Dems Push Back On White House, Paulson | Sam Stein | Posted 05.25.2011 | Politics

It appears that Democratic Party leaders are prepared to call the Bush administration's bluff when it comes to the extent and purpose of the proposed ...

Sackcloth and Ashes on Wall Street

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

The proposed bailout of Wall Street gives unprecedented power to one man -- Henry Paulson -- including any action deemed necessary, with no review, and a report to Congress only every six months.

Bailout Package: Congress Promises Quick Action

AP | TOM RAUM and JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping...