When Congress passed the $700 billion bailout, the focus was on buying so-called "troubled assets" linked to sub-prime mortgages. Today, Treasury Secretary Henry Paulson said that's not the best use ...

When Treasury Secretary Henry Paulson asked Congress for authority to take over ailing mortgage lender Fannie Mae in July, he said the move would provide the government with a “bazooka” to fight the ...

Federal Reserve Chairman Ben Bernanke bluntly warned Congress today it risks a recession, with higher unemployment and increased home foreclosures, if lawmakers fail to pass the Bush administration's ...

The Treasury is revamping how it uses the $700 billion financial bailout fund, focusing on on relatively healthy consumer debt rather than the toxic mortgages that triggered the credit crisis in the ...

Treasury Secretary Henry Paulson said the federal takeover of Fannie Mae And Freddie Mac was necessary because their failure would "affect the ability of Americans to get home loans and other consumer ...

The man who spearheaded the Bush Administration's $700 billion bank bailout fund is explaining his decisions to a North Carolina crowd. Former U.S. Treasury Secretary Henry Paulson visits UNC Chapel ...