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• Five-point plan calls for 'urgent, immediate action' • US follows UK in move to buy shares in ailing banks • Government may be forced to take 50% stake in RBS A crisis meeting of finance ministers and central bank governors...
George Bush makes a statement about the economy at the White House on Friday. Photograph: Ron Edmonds/AP President Bush this morning appealed to world markets, urging confidence in the US government's ability to manage the...
At today's meeting of the G-7 Finance Ministers and Central Bank Governors, we finalized an aggressive action plan to address the turmoil in global financial markets and the stresses on our financial institutions. This action...
The US Government is facing extreme pressure to accelerate the speed at which it launches its $700 billion bailout amid fears at the Federal Reserve that the rescue package will not be implemented quickly enough to have any...
Added 10m ago WASHINGTON - The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic...
In a way, Neel Kashkari's job has always been to keep it together. Today he's known as the 35-year-old whizz-kid appointed czar of the Treasury Department's US$700 billion ($1.12 trillion) financial bailout. But in a past life,...
![digg.com: [Neel T. Kashkari during confirmation hearings before the Senate Banking Committee in June.]](http://www.newstin.com/image.a?id=7638624.jpg)
