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Treasury Secretary Henry Paulson Jr. and President George W. Bush said the injection was needed to restore confidence and avoid a collapse of the financial system.
Italian Prime Minister Silvio Berlusconi pays court to a man he's sure history will judge to be a great President
Text of Treasury Secretary Henry Paulson's remarks Tuesday, as transcribed by CQ Transcriptions. PAULSON: America is a strong nation. We are a confident and optimistic people. Our confidence is born out of our long history of meeting every challenge we face.
Governments around the globe launched a multi-pronged attack on the finance crisis, as President George W. Bush and Treasury Secretary Henry Paulson prepared Tuesday to unveil the next step in the US response.
U.S. President George W. Bush has followed Europe's lead and announced a $250 billion plan to help stabilize the financial system.
US President George W. Bush and his Treasury Secretary Henry Paulson were Tuesday to unveil details of a comprehensive financial rescue package that includes investing hundreds of billions of government dollars into several troubled banks.
U.S. President George W. Bush said on Tuesday the U.S. government will directly inject capital into financial institutions by buying equity stakes in a bid to help thaw credit markets frozen by the housing market collapse.
Text of Treasury Secretary Henry Paulson's remarks Tuesday, as transcribed by CQ Transcriptions.
SPRINGFIELD -- The Republican candidate hoping to replace retiring U.S. Rep. Jerry Weller in Congress will get a hand in raising campaign money Wednesday from Vice President Dick Cheney.
US President George W. Bush on Tuesday unveiled new steps to confront the global financial meltdown, including plans to use some of a 700 billion dollar bailout to buy stakes in banks.
U.S. President George W. Bush said on Tuesday the U.S. government will directly inject capital into financial institutions to help thaw frozen credit markets, create jobs and fuel economic growth.
A powerful set of people skills and a gift for gab are about the only things Josh Brolin has in common with George W. Bush, whom he plays in Oliver Stone's W., opening Friday.
Barack Obama has erased traditional Republican advantages in four key bellwether counties that President George W. Bush won in 2000 and 2004, according to a new Politico/InsiderAdvantage survey. Each county is critical to the outcome in the battleground state where it is located.
Oct. 14 (Bloomberg) -- Treasury Secretary Henry Paulson plans to use $250 billion of taxpayer funds to purchase stakes in thousands of financial firms to halt a credit freeze that threatened to bankrupt companies and hammer the job market.
US authorities Tuesday pushed forward a massive financial rescue with a plan to inject up to 250 billion dollars in capital to struggling banks and offer new guarantees to help restore credit flows.
Treasury Secretary Paulson lays out new details for financial bailout plan, says move will restore confidence • Bernanke: U.S. Plan Will Help Revive Markets
The United States ushered in a new era in banking on Tuesday with plans to take ownership stakes in major financial institutions totaling as much as $250 billion, an incursion into the private sector that was called a regrettable last resort.
PRESIDENT GEORGE W. BUSH: Today, we're addressing global challenges with determination and vision and with confidence. America and Italy are working to stabilize global financial markets. People all over the worked are understandably concerned about the global financial crisis and about how it wi...
The United States pledged on Tuesday to pump $250 billion into its banks, following similar action in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has.
Oct. 14 (Bloomberg) -- President George W. Bush outlined steps to purchase equity stakes in U.S. banks and temporarily expand government guarantees on new debt to revive credit markets and restore confidence in the financial system.
Gathering storm clouds cast a pall Tuesday over efforts to combat the global financial crisis despite an upsurge in markets, with two of Europe's biggest economies said to be on the brink of recession.
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