What else the U.S. can do

Rate cuts and other decisive actions might not be enough to revive the battered financial system. Here's what the government may try next. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Chris Isidore, CNNMoney.com senior writer A shocking series of events that forever changed the financial markets. NEW YORK (CNNMoney.com) -- Efforts by governments worldwide to stop a slide in financial markets haven't worked yet and the Federal Reserve and the U.S. Treasury may have to seek out more dramatic measures. This week the Fed has moved to pump potentially trillions of additional dollars into the nation's banks and leading corporations. And it led the way on emergency interest rate cuts by central banks around the globe Wednesday morning. As the global selloff continues, the U.S. government is... [read full story]