In the midst of the current panic, economist Robert J. Samuelson offers some reassurance in his Newsweek column in the October 13 issue.  His headline asks "Is This a Replay of 1929?" and his answer is generally "not even close," but it is his historical perspective on the stock market that is most heartening.

In a policy statement released by the President's Working Group on Financial Markets, U.S. Treasury Secretary Henry Paulson said that there is much work to be done on market regulation.

The U.S. Treasury will use a portion of the Troubled Asset Relief Program (TARP) to take equity stakes in financial institutions, according to the White House.

The Treasury will inject capital into companies in exchange for "an equity stake", the U.S. President's chief spokesperson, Dana Perino......

With the exception of the one-year adjustable rate mortgage (ARM) mortgage rates fell during the week ended October 9 according to Freddie Mac's Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) carried an average contract interest rate of 5.94 percent with 0.6 point compared to the previous week when the av......

It is just beginning, but count on the name Resolution Trust Corporation being invoked more and more as the Treasury Department figures out how to approach its mandate to straighten out the economy and spend the billions of dollars Congress has put in its hands.

The Corporation, fondly known as the RTC, was the......

In its largest single monthly decline, RBC's Consumer Attitudes and Spending by Household (CASH) Index showed the economic crisis is driving down consumer confidence in the U.S.

The index dropped 32 points in October, the largest single-month decline since the index's inception in January 2002. The index now stan......

On Wednesday evening, the U.S. Federal Reserve authorized an additional $37.8 billion loan to U.S. insurance giant American International Group after authorities took the firm into conservatorship and provided it with an $85 billion loan in September.

Economists say the worrying trend of jobless claims adds further evidence that payrolls will continue to decline for many months. The weekly report showed continuing claims reached a cyclical high, while initial claims fell back from a seven-year peak but remain in deep recessionary territory.

An exclusive report from the Wall Street Journal says the U.S. government is weighing options on a far-reaching plan that would be the most extensive government intervention into the financial system seen so far.

One dramatic step would be to guarantee billions of dollars in bank debt; the other plan is to tem......

The $700 billion rescue package passed last week by the U.S. Congress will in part be used to inject capital into financial institutions, Treasury Secretary Henry Paulson said during a press conference on Wednesday. He is also calling for a G20 meeting to discuss the current financial crisis.

Paulson explained......