The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets.
Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.
Treasury Seeks Asset-Buying Power Unchecked by Courts
An explosion at a nursing home just outside Philadelphia collapsed part of the building and has...
Dollar General, the retail giant that promises “convenience, quality brands and low prices”, has agreed to...
After a 137-year struggle, the Lumbee Tribe of North Carolina has finally received full federal recognition...
