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Summary.     Click for More > Senate backs new bail-out bill. U.S. Senate $700 billion bailout package failed. House of Representatives US lawmakers publish rescue deal. U.S. Congress Bailout talks implode Bush: Bail-out 'vital to easing crisis'   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 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 Iraq's projected $80b surplus stirs anger. U.S. Congress Federal Reserve slashes rates by 0.75 Bush to ask 87 billions more for Iraq
  Obama pushes new bank regulation   US President has proposed significant new curbs on the activities of banks to try to prevent future financial crises, include limits to the size... Obama tells US banks to lend more Plans bailout firm bonus cut Obama issues warning to bankers US unveils $1tn toxic asset plan Bush unveils $17.4bn car bail-out US Fed announces $800bn stimulus  The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system Citigroup secures U.S. government lifeline World leaders grapple with crisis Treasury spends $125 billion on 9 banks G7 nations pledge to fight crisis World's central banks slash interest rates. London House backs $700bn bail-out plan
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  House of Representatives: 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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  Obama pushes new bank regulation
Jan.21
  US President has proposed significant new curbs on the activities of banks to try to prevent future financial crises, include limits to the size of banks.    Markets in the the US and Asia fall sh...

year 2009 Top ^

Dec.14 Obama tells US banks to lend more  US President has told bankers to increase loans to small and medium-size businesses after a meeting with executives of some of top banks Oct.21 Plans bailout firm bonus cut  Firms in the US which received billions of government aid in the financial crisis are to be told to cut the pay of top executives Sep.14   Obama issues warning to bankers   US President has warned bankers against complacency, saying that some in the industry are ignoring the lessons of the financial crisis May.13  US plans derivatives regulations May.4  Obama to target overseas tax loopholes Apr.22 Freddie Mac chief found dead Mar.26 US plans to rein in Wall Street Mar.23 US unveils $1tn toxic asset plan  The US has announced details of a plan to buy up to $1 trillion worth of toxic assets to help repair banks' balance sheets Mar.19 US lawmakers vote for bonus tax. House of Representatives Feb.21 Obama hails 'fastest' US tax cut Feb.10  US to unveil new bank bail-out Feb.2 Obama predicts more bank failures

year 2008 Top ^

Dec.19 Bush unveils $17.4bn car bail-out  The government will provide $17.4bn in loans to troubled carmakers GM, Chrysler and Ford Dec.16 Madoff grilling for US watchdog Nov.25 US Fed announces $800bn stimulus
  The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system
Nov.23 Citigroup secures U.S. government lifeline  The government outlined a massive rescue package that would inject another $20 billion into the banking giant, shares of which have plunged Nov.14 World leaders grapple with crisis   The world leaders gathering for economic summit may be looking ahead to his successor. Bush is ready to defend Western-style capitalism Nov.12 Paulson: US bail-out working Oct.29 Treasury spends $125 billion on 9 banks  The Treasury Department spends $125 billion of its $700 billion bailout fund on banks, some of whom had argued that they did not need the mo... Oct.14 Plans to buy stakes in major banks IMF in global 'meltdown' warning Oct.10 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 Oct.8 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 losses Oct.7 Wall Street flat as Fed unveils new plan. New York Oct.3 House backs $700bn bail-out plan
  House of Representatives: 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 Senate backs new bail-out bill   U.S. Senate: The Senate, 74 to 25, has approved a new version of a $700bn rescue plan for the troubled US financial system Sep.30 Bush warning over bail-out delay Sep.29 $700 billion bailout package failed  House of Representatives: Democrats and Republicans immediately blamed each other for the failure of the bailout package in the House Wall Street bail-out goes to vote. House of Representatives 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 Sep.27 'Great progress' in US bail-out. U.S. Congress Sep.26 Bailout talks implode   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' Sep.24   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' Sep.23 Congress cool after bail-out plea. U.S. Senate Sep.19   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
Sep.18 US pledges financial rescue plan Sep.7 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
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 Jul.16 US inflation rate at 26-year high Jul.13 US moves to bolster lending firms Apr.30 Further cut in interest rates Apr.8 IMF may sell 400 tons of gold Mar.31 US plans finance system overhaul Mar.18 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 Jan.18  Bush calls for economic stimulus package

year 2007 Top ^

Dec.12 Central banks act on credit fears Dec.6  Bush details housing rescue plan Aug.31  Federal Reserve in rate cut hint 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 ^

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  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 Jan.7  Bush unveils tax cutting package

year 2002 Top ^


year 2001 Top ^

Oct.3 Bush package to boost economy Mar.20  Fed cuts rates half a point