Nov 21st, 2008 · Lawmakers considering a $25 billion aid package for the auto industry made getting a plan from carmakers a condition for getting the money. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid say if there's a viable plan, Congress might return to work in early next month for a vote.
Nov 19th, 2008 · U.S. automakers seem unlikely to secure $25 billion in emergency loans from Congress. But a new debate has emerged over the possibility of a planned or "pre-packaged" bankruptcy filing.
Nov 17th, 2008 · A lame-duck Senate session is under way, but it doesn't appear a $25 billion bailout package for the auto industry is in the cards. More likely: extension of unemployment benefits as the holidays approach.
Nov 13th, 2008 · Treasury Secretary Henry Paulson talks about his plans to stave off more economic turmoil. Despite the government's $700 billion financial rescue package, credit markets remain frozen and the economy keeps getting worse.
Nov 12th, 2008 · The auto industry has been lobbying the president, president-elect and Congress for a bailout package of their own. Proponents of such a bailout say, if the domestic auto industry fails, it will have devastating effects for the entire Midwest. Opponents say the government should let The Big Three fail.
Nov 12th, 2008 · Treasury Secretary Henry Paulson delivered a progress report Wednesday in Washington, defending the Bush administration's use of the $700 billion financial rescue package. The program was meant to buy up mortgage-backed securities full of toxic subprime mortgages, but so far $250 billion has been injected into banks.
Nov 11th, 2008 · Insurance giant AIG is poised to get a revamped relief package worth $150 billion. That includes funds drawn from the government's $700 billion bailout plan. Previously, the Treasury Department had said the money was reserved for financial companies. Now the Big Three automakers are knocking at the door.
Nov 11th, 2008 · Wired Magazine's nine-year "Return to Sender" contest challenged readers to send any "mailable" item through the postal system without packaging. Wired senior editor Joanna Pearlstein shares the results. What is the weirdest thing you've ever sent through the mail?