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 ...

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 ...

As negotiations crumbled irreparably during the bailout summit yesterday Treasury Secretary Henry Paulson-- reeling from the embarrassing walk-out by his own party -- was taken hold by desperation and ...

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 ...

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 ...

WASHINGTON -- Refusing to be pushed, Republicans and Democrats alike rebuffed dire warnings Tuesday from the government's top economic officials of recession, layoffs and foreclosed homes if Congress ...