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U.S. Treasury Secretary Henry Paulson said there's no timetable for asking Congress for access to the rest of the $700 billion emergency bailout package.
U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so.
U.S. President George Bush Monday hailed the decision to shore up Citigroup as a "first step toward economic recovery."
U.S. Treasury Secretary Henry Paulson urged Congress to modify already-passed legislation to help the auto companies rather than expect him to buy stock.
U.S. Rep. Gary Ackerman, D-N.Y., accused Treasury Secretary Henry Paulson of a "bait-and-switch scheme" by changing plans for stabilizing the economy.
U.S. Treasury Secretary Henry Paulson Jr. told members of Congress Tuesday to look beyond Wall Street to find the effects of the financial bailout.
U.S. Rep. Paul Kanjorski, D-Pa., told Treasury Secretary Henry Paulson there is a "crisis of confidence" across the United States that demands action.
U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.
The Federal Deposit Insurance Corp. has come up with a $24.4 billion plan of its own for helping as many as 1.5 million distressed U.S. homeowners.
The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.
