David R. Sands

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

Bernanke and Paulson, back on the Hill

UPDATED -- A day after a five-hour grilling by unhappy lawmakers over the proposed $700 billion rescue plan, Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry M. Paulson Jr. are feeling the heat again.

September 24, 2008

Senate panel OKs nuke pact with India, but time is short

A major new U.S.-India nuclear cooperation deal cleared a key hurdle Tuesday as a Senate panel voted overwhelmingly to approve the agreement.

September 24, 2008

Lawmakers openly skeptical as bailout plan gets hearing

Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke faced bipartisan skepticism as they pushed for quick congressional approval of the administration's $700 billion Wall Street rescue plan.

September 23, 2008

Wall Street woes ripple across globe

Spain and Taiwan are cracking down on short sellers of stock. Britain's prime minister sees his poll numbers plummet, while Japanese financial giants snap up pieces of distressed U.S. lenders. And some in France and Germany are hailing what they see as a humiliating blow to "Anglo-Saxon" economics.

September 23, 2008

Democrats: Bailout support is costly

Lawmakers are engaged in a $700 billion game of chicken this week over the Bush administration's push to pass an economic bailout proposal for Wall Street.

September 22, 2008

Democrats seek changes to bailout plan

UPDATED -- Sen. Barack Obama and other top Democrats said Sunday their support will come at a price as Treasury Secretary Henry Paulson pressed for quick congressional approval of a $700 billion fiscal rescue package.

September 21, 2008

Short sellers defend practice

They've been called the hyenas of high finance, feasting on the misfortunes of others, but the market's short sellers say they are being used as scapegoats as regulators and politicians around the world struggle to prevent a global economic implosion.

September 20, 2008

Congress pushes for last-minute deal with India

Congress and the Bush administration are making a strong last-minute push to approve the far-reaching nuclear cooperation deal with India, a top Senate Democrat said Thursday.

September 19, 2008