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Richard Cowan

Victorious Dems would face big hurdles

By Thomas Ferraro - They may win both the White House and U.S. Congress for the first time in 16 years, and then face pressure to deliver on expensive campaign promises amid projected record federal deficits certain to...

U.S. Treasury proposes $700 billion Wall Street bailout plan

WASHINGTON (Reuters) - The Bush administration proposed a $700-billion taxpayer-funded plan on Saturday to buy up toxic mortgage-related securities in an urgent effort to calm financial markets and attack the nation's...

Congress gets $700 billion financial bailout plan

WASHINGTON (Reuters) - The Bush administration on Saturday sent a $700 billion financial markets rescue plan to Congress where Democrats immediately questioned its impact not only on Wall Street, but on homeowners and...

Pelosi wants fast action on Wall St. bill

WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Friday said lawmakers "are committed to quick, bipartisan action" on legislation rescuing Wall Street. In a statement, the California Democrat...

Democrats see boost for $50 billion econ stimulus (Reuters)

Reuters - The urgent need for the U.S. Congress to approve a Bush administration plan to rescue Wall Street has given Democrats renewed hope of enacting another economic stimulus package for Main Street, congressional...

Paulson, Bernanke to brief congressional leaders

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke will meet with congressional leaders late on Thursday, according to congressional aides. One aide said the topic is...

Paulson, Schumer offer U.S. financial bailout plans

WASHINGTON (Reuters) - A possible federal plan to calm financial markets and address the housing crisis began to take shape on Thursday, with rival proposals from U.S. Treasury Secretary Henry Paulson and Sen. Charles...

Wall St meltdown triggers blame game in Washington

By Thomas Ferraro and Richard Cowan Reuters Thursday, September 18, 2008; 4:41 PM WASHINGTON (Reuters) - The meltdown on Wall Street rattling investors big and small is the centerpiece of a new election-year blame game...

Pelosi open to financial reform this year (Reuters)

Reuters - House of Representatives Speaker Nancy Pelosi left open the possibility on Thursday of passing financial industry reform legislation this year, but said she has not been given a preview of any proposals that the...

Fed takes heat on AIG from both sides of Congress

By Emily Kaiser WASHINGTON (Reuters) - In what may be a foreshadowing of the sort of questions Fed Chairman Ben Bernanke can expect when he testifies before congressional committees next week, Republicans and Democrats...