Even as he pursues his ambitious economic stimulus plan, Barack Obama faces such continued woes in the banking and auto industry that Democrats are already warning a new request for financial rescue funds could come as early as next month. Just last ...
The auto industry picked up precious Republican support Thursday as Ohio Sen. George Voinovich said he will sign on to Democratic efforts to tap Treasury’s rescue funds to help the Big Three weather cash problems this winter. A fiscal conservative, ...
The House Financial Services Committee approved a $15 billion foreclosure aid package Wednesday, but only after it survived a behind-the-scenes regional fight in which Chairman Barney Frank (D-Mass.) invoked House Speaker Nancy Pelosi (D-Calif.) to ...
A fast-growing financial crisis — headlined by tumbling stocks, panicked credit markets, fearful investors and the spectacular collapse of the nation’s fifth-largest investment bank — leaves members of Congress little choice but to consider the sort of ...
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