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The nation's top economic policymakers took their campaign for a reworking of the nation's system of financial regulation to Capitol Hill today, urging Congress to make major changes in the oversight of Wall Street firms and other financial institutions.
Read Paulson, Bernanke Urge Regulatory Changes (Links)
Shares of mortgage giants Fannie Mae and Freddie Mac plummeted for the third day this week, following comments by a former Federal Reserve governor that the two companies are nearing insolvency and reports of White House discussion about the need for a possible bailout.
Read Fannie and Freddie Stocks Continue Their Slide (Links)
One of the key architects of the Bush administration's response to the mortgage crisis has left to run one of the banks that has been deeply damaged by that crisis.
Read Steel Steps Down From Treasury Post To Take Over at Struggling Wachovia (Links)
As gas prices continue to soar, schemers are ramping up claims that they have just the right device or additive or some other gizmo for better fuel economy.
Read 'Gas-Saving' Additives Only Subtract From Your Wallet (Links)
The family that planted corn in the front yard of their $500,000 home is gone from Carrie Oliver's street. So are the neighbors who drilled holes into the trees to string up a hammock.
Read A Hispanic Population in Decline (Links)
Federal health officials now blame raw jalapeños for some of the illnesses in the three-month-old salmonella outbreak and yesterday advised the elderly, infants and people with compromised immune systems to avoid them.
Read Officials Add Jalapeños To Salmonella Warning (Links)
Chevy Chase Bank is closing 54 mini-branches in Giant Food stores across the Washington region, ending a decade-long initiative to add banking to customers' shopping lists.
Read Chevy Chase to Close Giant Store Branches (Links)
Defense Secretary Robert M. Gates said yesterday that the Pentagon will hold a new, fast-tracked competition to replace the Air Force's aging fleet of aerial refueling tankers, a move that overturns the previous award of the contract to Northrop Grumman.
Read Tanker Bidding To Be Reopened (Links)
U.S. stocks staged a steep sell-off yesterday as widening concerns about the health of the financial sector continued to deflate investors' hopes for an economic rebound later this year.
Read Market Instability Continues In Sell-Off (Links)
TOYAKO, Japan -- President Bush hailed the move by G-8 leaders to coalesce behind a strategy for a global climate-change accord, saying Wednesday "significant progress" was made. But environmentalists and the U.N.'s top climate official disputed his claims.
Read Bush: 'Significant progress' on Climate Change (Links)
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