Rep. Barney Frank speaks to reporters outside the U.S. Capitol

WAP98121807 - 18 NOVEMBER 1998 - WASHINGTON, D.C., USA: Rep. Barney Frank, D-MA, speaks to reporters outside the U.S. Capitol, December 18, on the eve of a full vote on impeachment. iw/Ian Wagreich UPI

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Frank: 'To do nothing would be a disaster'

WASHINGTON, Dec. 5 (UPI) -- Allowing the U.S. automakers to declare bankruptcy would worsen the credit crisis, Rep. Barney Frank, D-Mass., said Friday during an auto bailout hearing.

Frank, Shelby spar over auto bailout issue

WASHINGTON, Nov. 19 (UPI) -- A bailout of U.S. automakers would be a life support measure and would not force them to change their business model or management, a Senate Republican said.

Stimulus package unlikely, Dems say

WASHINGTON, Nov. 12 (UPI) -- Democratic congressional leaders threw water on the possibility of passing a second stimulus plan for the U.S. economy during the lame-duck session.

Pelosi pushes for more auto industry aid

WASHINGTON, Nov. 12 (UPI) -- U.S. House of Representatives Speaker Nancy Pelosi called for legislation that would enable U.S. automakers to participate in the $700 billion federal bailout.

Countrywide moves to ease mortgage terms

CALABASAS, Calif., Oct. 25 (UPI) -- A move by Countrywide Financial to modify mortgages for homeowners facing foreclosure should be a model for national legislation, consumer advocates say.

After the bailout, regulatory cat fights

WASHINGTON, Oct. 21 (UPI) -- U.S. finance regulators are tentatively pushing forward with new rules for credit default swaps, a $55 trillion unregulated speculative market.

Blame quickly follows bailout failure

WASHINGTON, Sept. 29 (UPI) -- Finger pointing in Washington began almost as soon as numbers came in for the failed U.S. House vote on the federal $700 bailout package.

Obama campaigns; McCain heads to D.C.

WASHINGTON, Sept. 27 (UPI) -- Barack Obama held rallies Saturday in North Carolina and Virginia, while John McCain returned to Washington after debating his Democratic rival.

Lawmakers agree on bailout deal principles

WASHINGTON, Sept. 25 (UPI) -- Congressional members responsible for crafting the $700 billion Wall Street bailout said Thursday they reached agreement on principles of the rescue.

Rep. Frank expects add-ons to bailout plan

WASHINGTON, Sept. 21 (UPI) -- A key Democratic congressman indicated Sunday Congress will put its own stamp on the Bush administration's Wall Street rescue plan.