Wall Street still not downgrading to first class

Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a dressing down. But on Wall Street, the coveted executive perk hasn't been grounded.

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$1.6 billion went to bailed-out bank execs

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

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Despite huge hurdles, McCain still has a shot

Barring a major upset, Barack Obama will defeat John McCain on Tuesday and become America's first black president. That any doubt remains about his victory is, in many ways, astonishing.

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IMF chief warns of global financial meltdown

The International Monetary Fund warned Saturday that debt-ridden banks were pushing the global financial system to the brink of meltdown and rich nations had so far failed to restore confidence.

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1 hurdle down

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Live vote: Do you think bailout will work?

Live vote: Do you think bailout will work?

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House, in second effort, passes bailout bill

The House passed a $700 billion bailout of the financial services industry Friday, reversing itself after members came around to a larger Senate version.

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Senate passes its own bank bailout package

The Senate passed its version of a mammoth rescue plan, saying changes to protect investors and small businesses could persuade reluctant House members to go along.

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Live vote: Do you support the Senate bailout?

Live vote: Do you support the Senate bailout package?

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After Wall Street, anger spreads to Congress

The government's failure to reach a compromise on a hotly contested federal bailout package is adding to the frustration and confusion surrounding the country's current financial crisis.

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House leaders vow to try again on rescue plan

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Tentative agreement on bailout falls apart

Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal.

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Bailout deal nears, but will it work?

After a frantic week of negotiations, Congress and the White House are nearing agreement on a plan to quell the panic gripping the credit market. But will it work?

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Bush: Markets absorbing 'extraordinary' events

President Bush says he shares the American people's concern about the situation in U.S. financial markets and the economy, which are absorbing "extraordinary measures."

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Gas jumps as oil falls to settle near $100

Gasoline prices jumped to unprecedented levels in the wholesale markets Thursday as Hurricane Ike tore across the Gulf of Mexico, threatening to strike Texas and its refineries.

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Palin bills state for nights at home, kids' travel

Alaska Gov. Sarah Palin billed taxpayers for 312 nights spent in her own home during her first 19 months in office, charging a "per diem" allowance intended to cover expenses while traveling on state business.

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