David R. Sands

Bush: Banks boost to be ‘limited, temporary’

The Bush administration's plan to spend up to $250 billion to bolster the U.S. banking industry comes with a built-in exit strategy - assuming the plan works as its designers hope.

October 15, 2008

Treasury weighs how to cash out ‘ante’

The Bush administration's plan to "invest" up to $250 billion in the U.S. banking industry comes with a built-in exit strategy — assuming the plan works as its designers hope.

October 14, 2008

European action sparks record-setting market rally

European governments Monday helped spark a record-shattering global market rally, pledging more than $2 trillion in taxpayer money in a coordinated strike to shore up the Continent's banks as the Bush administration scrambled to rework its own $700 billion Wall Street rescue package.

October 14, 2008

Bailout boss Kashkari buoys banks

When you have a $700 billion bankroll, you have no trouble filling a room.

October 14, 2008

Bailout chief speaks, promises quick action

Treasury Department official Neel Kashkari told international bankers on Monday that the government has already taken steps to implement the rescue package. The stock market rebounded almost 600 points.

October 13, 2008

Europe agrees to secure banks

Leaders of 15 European nations revealed a plan Sunday to put new money into banks while facing a global credit crunch, as policymakers nervously awaited the re-openings of battered world stock markets.

October 13, 2008

European leaders act as markets prepare to reopen

UPDATED: Leaders of 15 European countries on Sunday announced a joint plan to put new money into their banks and guarantee their lending in the face of a global credit crunch.

October 12, 2008

Nervous markets eye G-7’s weekend work

The handiwork of the world's top finance ministers and central bankers gets its first meaningful review as stock markets around the world are poised to reopen Monday after a week of record losses and bank failures.

October 12, 2008

Financial crisis reshapes world order

As shell-shocked central bankers and finance ministers gather in Washington to confront the world's financial meltdown this weekend, that grinding noise in the background is the sound of the global balance of power shifting.

October 12, 2008

Financial chiefs seek global unity

They'll be in the same room, but the world's finance ministers and central bankers will be under intense pressure to show they are on the same page this weekend in Washington as the financial crisis continues to claim victims and cause havoc around the globe.

October 10, 2008

Fed, central banks coordinate interest-rate cut

Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise coordinated bid to boost the international economy and reassure plunging stock and credit markets around the world.

October 9, 2008

As Palin’s star dims, Fey turns superstar

Sarah Palin has been very good for the career of Tina Fey.

October 9, 2008

World’s central banks coordinate rate cuts

Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise, coordinated bid to boost the international economy.

October 8, 2008

As Tina Fey soars, Sarah Palin struggles

Sarah Palin has been very good for the career of Tina Fey. But the "Saturday Night Live" guest star isn't returning the favor.

October 8, 2008

Bush, Fed pleas fail to sway markets

A presidential pep talk and a dramatic move by the Federal Reserve to boost business lending could not shore up sagging U.S. markets as the Dow Jones Industrial Average plunged more than 500 points Tuesday to a four-year low.

October 8, 2008

Kashkari to take onus of bailout

At Neel Kashkari's confirmation hearing in June, Senate banking committee Chairman Christopher J. Dodd stumbled over both the nominee's first and last name.

October 7, 2008

Heavy horse-trading as House nears bailout vote

The fate of the $700 billion rescue bill hung in the balance Thursday, as the president and congressional leaders cobbled together a majority in favor of the package before a showdown vote in the House tonight.

October 2, 2008

Senate plans vote on modified bailout bill

UPDATED -- Senate leaders late Tuesday scheduled a vote for Wednesday on the elusive $700 billion Wall Street bailout package -- a measure to restore the financial market, including a tax cut and a provision to increase FDIC limits.

October 1, 2008

U.S.-India nuclear accord before Senate

The Senate is poised to take up the U.S.-India nuclear accord Wednesday, and could hand the Bush administration an unexpected foreign-policy success just before lawmakers head home for the year.

October 1, 2008

House GOP won’t rush bailout plan

House Republicans stood their ground Friday as the White House and congressional negotiators struggled to revamp a $700 billion Wall Street bailout plan, holding out hope that a deal could be struck this weekend.

September 27, 2008