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| Oct. 10 |
Washington |
G7 nations pledge to fight crisis Finance ministers from leading industrialised nations have pledged action to tackle the crisis after a torrid week on stock markets
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| Oct. 7 |
New York |
Wall Street flat as Fed unveils new plan The Federal Reserve announced plans earlier to buy-up short-term debt, a.k.a. commercial paper, directly from companies
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| Oct. 3 |
U.S. Congress |
House backs $700bn bail-out plan  The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector
| The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
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| Oct. 1 |
U.S. Congress |
Senate backs new bail-out bill The Senate, 74 to 25, has approved a new version of a $700bn rescue plan for the troubled US financial system
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| Sep. 30 |
Washington |
Bush warning over bail-out delay US President has warned the US economy is at a 'critical moment', and vowed to get his Wall Street rescue plan through Congress
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| Sep. 29 |
U.S. Congress |
$700 billion bailout package failed Democrats and Republicans immediately blamed each other for the failure of the bailout package in the House
| The package failed in the House by a vote of 228-20. It was unclear in what form the congressional leadership would bring the bill back to the floor. House Republican leaders blamed Nancy Pelosi for the bill's failure
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U.S. Congress |
Wall Street bail-out goes to vote The House of Representatives is debating ahead of a vote on a $700bn plan to bail out Wall Street
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| Sep. 28 |
U.S. Congress |
US lawmakers publish rescue deal The move, backed by both Republicans and Democratics, allows the Treasury to spend up to $700bn buying bad debts from ailing banks
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Washington |
Obama and McCain back bail-out package US presidential hopefuls have broadly welcomed an outline multi-billion dollar plan to help shore up the US financial system
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U.S. Congress |
Buffett: Bail out or face meltdown
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| Sep. 27 |
U.S. Congress |
'Great progress' in US bail-out Congressional leaders have reached the broad outline of a rescue plan for the US financial system; but details remain to be worked out
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U.S. Congress |
US edges closer to bail-out deal
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| Sep. 26 |
Washington |
Bailout talks implode High-stakes negotiations over the $700 billion bailout of the financial system dissolved into bickering, begging and a battle between parties
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| Sep. 25 |
Washington |
Wall St rescue plan 'needs work' After several hours of talks with President Bush, members of congress said more work was needed
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| Sep. 24 |
Washington |
Bush: Bail-out 'vital to easing crisis' US President: Americans must support a massive bail-out of financial markets to ease a 'serious financial crisis'
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Washington |
Bernanke demands bail-out action
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| Sep. 23 |
U.S. Congress |
Congress cool after bail-out plea Lawmakers have expressed strong scepticism about a bail-out of the banking system, following a 5-hour Senate hearing on the rescue plan
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U.S. Congress |
Paulson eyes rescue plan backing
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| Sep. 21 |
New York |
US banks make shock status switch Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors
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Washington |
Paulson wants a speedy debt deal
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| Sep. 20 |
U.S. Congress |
Crisis talks over 'toxic debt' rescue plan
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| Sep. 19 |
Washington |
Bush hails financial rescue plan| President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets | |
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| Sep. 18 |
Washington |
US pledges financial rescue plan US officials say they will hammer out a 'comprehensive' plan to ease what has become a global financial crisis
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| Sep. 14 |
New York |
Lehman Bros files for bankruptcy  | The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis. The move threatens to deal a further... | |
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New York |
Barclays quits Lehman sale talks Barclays has pulled out of talks to buy most of troubled investment bank because it was unable to obtain guarantees
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| Sep.7 |
Washington |
US takes over key mortgage firms| US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history | |
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| Aug.5 |
U.S. Congress |
Iraq's projected $80b surplus stirs anger U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 billion
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| Jul.16 |
Washington |
US inflation rate at 26-year high The inflation accelerated by 1.1%, at the fastest rate in 26 years in June, fuelled higher by surging energy prices
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| Apr.18 |
USA |
Citigroup sees second giant loss
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| Mar.18 |
Washington |
Federal Reserve slashes rates by 0.75 The Federal Reserve has cut US interest rates to 2.25% to restore confidence to nervous financial markets and boost the ailing economy
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| Mar.16 |
New York |
JPMorgan to acquire Bear Stearns
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| Dec.18 |
U.S. Congress |
Senate passes $70B in war funds
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| Dec.12 |
Washington |
Central banks act on credit fears
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| May.18 |
Florida |
Shipwreck yields record treasures
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| Nov.26 |
Canada |
$4.3bn deal to fight native poverty
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| Sep.7 |
U.S. Congress |
Bush seeks $50bn hurricane relief
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| Dec.23 |
USA |
Battered dollar hits another low
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| Sep.7 |
Washington |
Bush to ask 87 billions more for Iraq
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| Aug.27 |
Washington |
Bremer: Iraq effort to cost tens of billions
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| Jun.25 |
New York |
WorldCom in accounting trouble, cut jobs
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| Jun.15 |
Texas |
Andersen guilty in Enron case
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| Oct.3 |
Washington |
Bush package to boost economy
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| Sep.12 |
New York |
Insurers face claims up to $15bn
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