Entries for September 2008
Stocks tumble on news of bailout failureSeptember 30, 2008
by Tim Paradis
The Associated Press
Wall Street plunged precipitously Monday, at one point sending the Dow Jones industrials down more than 735 points as investors feared that the failure of the government’s financial rescue plan in the House will ...
Prosecutor named to probe firingsSeptember 30, 2008
by Laurie Kellman and Mark Sherman
The Associated Press
Attorney General Michael Mukasey named a prosecutor Monday to investigate whether Bush administration officials violated federal law when they fired nine federal prosecutors. The scandal strip...
Consumer spending weak as plan fadesSeptember 30, 2008
by Martin Crutsinger
The Associated Press
Consumer spending in August turned in the weakest performance in six months, underscoring the threat the economy faces as the government’s stimulus program fades into the past.
The Commerce Department repo...
House shoots down bailout billSeptember 30, 2008
by Julie Hirschfeld Davis
The Associated Press
The House of Representatives on Monday defeated a $700 billion emergency rescue for the U.S. financial system, ignoring urgent warnings from President George Bush and congressional leaders of both part...
Stocks tumble on news of bailout failureSeptember 30, 2008
by Tim Paradis
The Associated Press
Wall Street plunged precipitously Monday, at one point sending the Dow Jones industrials down more than 735 points as investors feared that the failure of the government’s financial rescue plan in the House will ...