| Sep 14, 2008
When the World Trade Center went down in 2001, it led to two wars, hundreds of billions in expenditures and the creation of a Homeland Security bureaucracy. When the Interstate 35W bridge in Minneapolis went down last year, it led to a $1-billion House...
| Nov 12, 2008
One of the first real challenges President-elect Barack Obama faces will be what to do about the ailing American auto giants.
The stakes are high. For more than 100 years, the Big Three automakers have been a cornerstone of the U.S. economy and an...
| Dec 4, 2007
Like a number of skid row's poor and "unbanked," Robert Baker trusted his cash and future dreams to a half-ton safe in downtown's bustling Union Rescue Mission.
Baker, 36, had landed at the Christian mission at 5th and San Pedro streets ready to work,...
| Jan 17, 2008
A former Republican member of Congress from Michigan was indicted Wednesday in connection with his work for a U.S.-based Islamic relief organization that allegedly supported a prominent Afghan warlord.
Mark D. Siljander, 56, a Washington lobbyist who...
| Sep 13, 2009
Halting the financial sector's death plunge is arguably the government's most measurable achievement this year. Yet as President Barack Obama observes the one-year anniversary of Lehman Brothers' collapse, his administration's increasingly sunny...
| Nov 17, 2009
| 5:34 AM
Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.
| Dec 10, 2009
The Treasury Department formally extended the life of the controversial $700-billion bailout fund to October, saying it planned to sharply scale back use of the money, even as a government audit found the program lost $41.4 billion in the last fiscal...
| Dec 14, 2009
Even as another major bank announced it was repaying its bailout money, President Obama today told executives from the nation's largest financial institutions to return the taxpayer's largesse in an additional way -- increase lending to small businesses...
| Jun 9, 2009
| 8:57 AM
(WGN-AM)- The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money.
The department on Tuesday said the banks, which were not named, will be allowed to repay the money they received from the...
| Jun 9, 2009
The Obama administration today announced it has given approval to 10 of the nation's largest banks to repay $68 billion in government bailout money they have received to stabilize the financial system.
"These repayments are an encouraging sign of...
| Jun 10, 2009
Chrysler batted 1.000 on Tuesday, clearing away two critical legal obstacles to its restructuring plan and putting the automaker on track for a merger with Italian automaker Fiat in the next few days.
In a late ruling, the Supreme Court ended two days of...
| Jul 30, 2009
| 6:31 AM
The Hartford reported a second-quarter loss Wednesday of $15 million, its best quarterly showing of the past year, as investment losses narrowed and earnings from core operations beat analysts' expectations.
The insurer's second-quarter loss, which...