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Senate backs new bail-out bill. U.S. Congress Bush warning over bail-out delay. Washington $700 billion bailout package failed  U.S. Congress: Democrats and Republicans immediately blamed each other for the failure of the bailout package in the House Wall Street bail-out goes to vote. U.S. Congress US lawmakers publish rescue deal. U.S. Congress Obama and McCain back bail-out package. Washington 'Great progress' in US bail-out. U.S. Congress Bailout talks implode. Washington Wall St rescue plan 'needs work'. Washington Bush: Bail-out 'vital to easing crisis'. Washington Congress cool after bail-out plea. U.S. Congress US banks make shock status switch. New York Bush hails financial rescue plan  Washington: President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets US pledges financial rescue plan. Washington Barclays quits Lehman sale talks. New York US takes over key mortgage firms  Washington: US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history Iraq's projected $80b surplus stirs anger. U.S. Congress US inflation rate at 26-year high. Washington Federal Reserve slashes rates by 0.75. Washington Bush to ask 87 billions more for Iraq. Washington


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G7 nations pledge to fight crisis. Washington World's central banks slash interest rates   London: The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market l... House backs $700bn bail-out plan
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  U.S. Congress: 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 ...
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G7 nations pledge to fight crisis  Washington: Finance ministers from leading industrialised nations have pledged action to tackle the crisis after a torrid week on stock markets World's central banks slash interest rates

October 2008 ... more > Top ^

Oct. 10
Oct. 8
   London: The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market losses.    Six central banks cut interest ...
Oct. 3 House backs $700bn bail-out plan
  U.S. Congress: 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
Oct. 1 Mexicans in U.S. sending less money home. Mexico Senate backs new bail-out bill   U.S. Congress: The Senate, 74 to 25, has approved a new version of a $700bn rescue plan for the troubled US financial system

September 2008 ... more > Top ^

Sep. 30   Bush warning over bail-out delay   Washington: US President has warned the US economy is at a 'critical moment', and vowed to get his Wall Street rescue plan through Congress Sep. 29 $700 billion bailout package failed
  U.S. Congress: 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
Wall Street bail-out goes to vote   U.S. Congress: The House of Representatives is debating ahead of a vote on a $700bn plan to bail out Wall Street Sep. 28 US lawmakers publish rescue deal  U.S. Congress: The move, backed by both Republicans and Democratics, allows the Treasury to spend up to $700bn buying bad debts from ailing banks   Obama and McCain back bail-out package  Washington: US presidential hopefuls have broadly welcomed an outline multi-billion dollar plan to help shore up the US financial system Buffett: Bail out or face meltdown. U.S. Congress Sep. 27 'Great progress' in US bail-out  U.S. Congress: Congressional leaders have reached the broad outline of a rescue plan for the US financial system; but details remain to be worked out US edges closer to bail-out deal. U.S. Congress Sep. 26 Bailout talks implode   Washington: High-stakes negotiations over the $700 billion bailout of the financial system dissolved into bickering, begging and a battle between parties Sep. 25 Wall St rescue plan 'needs work'   Washington: After several hours of talks with President Bush, members of congress said more work was needed Sep. 24   Bush: Bail-out 'vital to easing crisis'   Washington: US President: Americans must support a massive bail-out of financial markets to ease a 'serious financial crisis' Bernanke demands bail-out action. Washington Sep. 23 Congress cool after bail-out plea  U.S. Congress: Lawmakers have expressed strong scepticism about a bail-out of the banking system, following a 5-hour Senate hearing on the rescue plan Paulson eyes rescue plan backing. U.S. Congress Sep. 22 Morgan Stanley sells stake to Mitsubishi. Japan Sep. 21 US banks make shock status switch  New York: Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors Paulson wants a speedy debt deal. Washington Sep. 20 Crisis talks over 'toxic debt' rescue plan. U.S. Congress Sep. 19   Bush hails financial rescue plan
  Washington: President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets
Sep. 18 US pledges financial rescue plan   Washington: US officials say they will hammer out a 'comprehensive' plan to ease what has become a global financial crisis Sep. 14 Barclays quits Lehman sale talks  New York: Barclays has pulled out of talks to buy most of troubled investment bank because it was unable to obtain guarantees Sep.10 Lehman shake-up as losses mount Sep.7 US takes over key mortgage firms
  Washington: US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history

August 2008 ... more > Top ^

Aug.5 Iraq's projected $80b surplus stirs anger  U.S. Congress: 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

July 2008 ... more > Top ^

Jul.25 Obama links NATO troops to U.S. tax cuts. Paris Jul.16 US inflation rate at 26-year high  Washington: The inflation accelerated by 1.1%, at the fastest rate in 26 years in June, fuelled higher by surging energy prices Jul.13 US moves to bolster lending firms. Washington

April 2008 ... more > Top ^

Apr.30 Further cut in interest rates. Washington Apr.18 Citigroup sees second giant loss Apr.8 IMF may sell 400 tons of gold. Washington

March 2008 ... more > Top ^

Mar.31 US plans finance system overhaul. Washington Mar.18 Federal Reserve slashes rates by 0.75   Washington: The Federal Reserve has cut US interest rates to 2.25% to restore confidence to nervous financial markets and boost the ailing economy Mar.14 Bear Stearns gets emergency funds. New York Mar.11 Central banks plan emergency cash. European Union

January 2008 ... more > Top ^

Jan.18 Bush calls for economic stimulus package. Washington

year 2007 Top ^

Dec.12 Central banks act on credit fears. Washington Aug.31 Federal Reserve in rate cut hint. Washington Aug.10 Central banks pour money into system. London

year 2006 Top ^

Feb.6  Bush seeks defence spending rise

year 2005 Top ^

Sep.24  IMF committee backs debt erasure Sep.7 Bush seeks $50bn hurricane relief. U.S. Congress May.17  Tensions rise over China currency Apr.16  G-7 finance leaders focus on oil, debt

year 2004 Top ^

Dec.23 Battered dollar hits another low Sep.14  Iraq rebuilding funds shifted to security

year 2003 Top ^

Nov.3  Congress passes Iraq budget Oct.30  $87 billion approved for Iraq, Afghanistan Sep.7   Bush to ask 87 billions more for Iraq  Washington: President has told the American people that Iraq is '"now the central front' in a global war against terrorism Aug.27 Bremer: Iraq effort to cost tens of billions. Washington Jan.7  Bush unveils tax cutting package

year 2002 Top ^

Jul.23  Enron scandal hits US banks Jun.28  Accounting panic hits Xerox Jun.25 WorldCom in accounting trouble, cut jobs. New York Jun.15 Andersen guilty in Enron case. Texas

year 2001 Top ^

Oct.3 Bush package to boost economy. Washington Sep.24  Bush calls halt to terror funding Sep.12  Insurers face claims up to $15bn Mar.20  Fed cuts rates half a point