Items Tagged with 'Global financial crisis in September'


  • Treasury to 'Inject Capital' into Banks

    The Department of the Treasury might soon begin to inject funds into banks, according to a statement by secretary Henry Paulson Wednesday. The move by the Treasury to directly stimulate lending came after several days of attempts in coordination with the Federal Reserve to implement the Emergency Economic Stabilization Act of 2008 (EESA) and unlock frozen credit markets.
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  • Deal in Limbo: Expected Agreement on Bailout Hits Snags

    Key lawmakers emerged from a three-hour meeting on Thursday afternoon saying they had agreed on key details surrounding a planned bailout of the financial markets, only to have their hopes dashed in an evening meeting with President Bush that one Senator described as a "total disaster." Nonetheless, both parties agreed to press on, and said they remain confident a deal can be done before this weekend is out.
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