The Financial Bailout Fiasco

The House has passed a new bailout bill to hand over $5 billion to the International Monetary Fund and help secure $108 billion in loans to the IMF.

General Motors Corp.

General Motors Corp. on Friday said it received $4 billion in U.S. aid, $1.4 billion more than it had originally requested, as part of its plan to pay suppliers and dealers before a June deadline.

The Treasury Agreed Thursday May 14th to provide GMAC with an additional$7.5 billion in loans. The new aid marks the second time the government has stepped in to prop up the former lending un

After struggle, Chrysler succumbs to bankruptcy

For the first time in history, the United States could have a government-owned automobile company.

Declaring that the country had reached the end of the road with Detroit's automakers, President Obama on Monday mapped a new course for bailed-out General Motors Corp.

The Federal Reserve yesterday escalated its massive campaign to stabilize the economy, saying it would flood the financial system with an additional $1.2 trillion.

President Barack Obama will do two seemingly contrary things today: deliver remarks about the need to reform the earmarking process in Congress and then sign an omnibus spending bill with several bill

Both AIG and Citigroup get the federal government to agreed to pour in more money $30 Billion for AIG and for Citigroup a preferred to common stock swap that could lead to up to a 36% taxpayer stake.

By LIZ RAPPAPORT WSJ
The creditworthiness of the U.S. is deteriorating more rapidly than most of its triple-A rated brethren.

The following are 2 arguments Tom McClintock made against the HR1 American Recovery and Reinvestment Act of 2009 that passed.

“This is one of the most expensive pieces of legislation Congress has ever approved," McConnell, the Senate Republican Leader