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 ...

WASHINGTON — With financial markets on a stomach-churning roller coaster ride, Treasury Secretary Henry Paulson says time is of the essence for Congress to pass a $700 billion rescue for financial ...

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 ...

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 ...

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 ...

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 ...

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 ...

Negotiators emerged from a marathon session in the Capitol about 12:30 a.m. to announce that they had reached agreement on a proposal to give Treasury Secretary Henry M. Paulson Jr. broad authority to ...