Bush: Serious Crisis Needs Serious Global Response
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Two banks -- one in Illinois and one in Michigan -- failed on Friday night, the Federal Deposit Insurance Corp. said, underscoring just how much the credit crunch is hurting financial institutions.
Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions. Paulson said Friday the program to purchase stock in financial institutions will be open to a broad array of institutions.
New Jersey's governor talks to Neil Cavuto about the financial crisis
Finance officials from the world's top economic powers pledged Friday to take all action necessary to stem the worst financial crisis in more than a half-century.
Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession.
FOX Business will air special live television coverage this weekend as the U.S. works its way through this unprecedented, volatile market crisis.
Missed tonight's Cavuto? Catch "The Deal" right here on FOXBusiness.com
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The White House Friday dismissed suggestions that U.S. markets would be suspended so international financial rules could be rewritten amid the turmoil that has gripped markets for weeks.
The anxiety sweeping the financial markets masks the efforts the Federal Government is making to aid the struggling economy, said President George Bush in an address in the Rose Garden of the White House.