Category: Government

Fed Creates Commercial Paper-buying Facility

WASHINGTON(Reuters) – The Federal Reserve on Tuesday announced it would create aspecial-purpose facility, with the Treasury Department’s blessing, tobegin buying commercial paper in yet another

Lawmakers Reject Bailout Plan

NEWYORK/WASHINGTON (Reuters) – U.S. lawmakers rejected a $700 billionbailout plan for the financial industry in a shock vote that sentglobal markets sliding as the world

Bailout Debate Rages

NEW YORK (Reuters) – The White House’s proposed $700 billion financial bailout met skepticism and anger from lawmakers on Wednesday, stoking fresh anxiety on Wall