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 hot-button issues of CEO pay and the Wall Street bailout may soon collide with the real world of Wall Street bonuses, taxpayer and shareholder anger over the financial crisis, and a Treasury ...

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 ...

Flying in the face of Congress and both presidential campaigns, Treasury is resisting efforts to impose pay limits on Wall Street executives and bankers whose companies stand to be helped by the ...

President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country’s troubled financial system. Bush issued a statement at the White ...

WASHINGTON AP - Bailout is a dirty word in the nation's capital. Lately, efforts by both Democrats and Republicans to clean up the housing mess are getting sullied with the b-word.An inappropriate use ...

The architects of the Bush Administration's financial bailout got a public grilling today from the Senate Banking Committee. Senators wanted to know why they're getting less than a week to give up ...

WASHINGTON - After risk-taking on Wall Street brought the financial system to its knees, Democrats and Republicans on Capitol Hill are taking part in their own risk-taking exercise. With Congress ...