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House Budget Committee examines economy in Washington

David Kreutzer, senior policy analyst in energy economics and climate change in the Heritage Foundation's Center for Data Analysis, listens as Allen Sinai, chief global economist, strategist and president of Decision Economics, Inc., testifies before the House Budget Committee hearing on the economy on Capitol Hill in Washington on September 9, 2008. (UPI Photo/Roger L. Wollenberg)

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Treasury considers bank purchasing plan

WASHINGTON, Oct. 9 (UPI) -- The U.S. Treasury Department said it is considering a plan of buying bank shares to restore confidence in lending.

Leading economists say recession is here

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