Remember when the economy was really, really bad and the Federal Reserve decided they absolutely had to give AIG an $85 billion lifeline or else there would be a financial apocalypse? Well, its three weeks later and the economy is now really, really, really bad and the Fed has decided ...

The Washington Post's Robert O'Harrow reports on one pretty interesting section in the bailout bill: the Treasury Dept. does not have to follow standard govt. contracting rules in outsourcing management of the bailout. Basically the Treasury Dept. will be looking outside the agency for financial consultants to manage the ...

The New York Times' Louise Story and Ben White recount the failure of Lehman Brothers to either find a buyer or raise the necessary capital before it became bankrupt. Indicative of the incestuous nature of the financial crisis, Lehman did have some success getting money ...

The Washington Post's David Cho reports that Treasury Sec. Henry Paulson named Neel Kashkari, a current bureaucrat and former Goldman Sachs official to monitor the Treasury Dept's $700 billion bailout plan. Kashkari is an interim appt. and his replacement will take the plan into the next administration.

The bailout package, ...

After two weeks of Congressional scrutiny and one stunning House floor vote, the Bush administration finally got what it wanted: hundreds of billions of dollars to bailout an economy reeling from the mortgage crisis. The New York Times'  David Herzenhorn reports that the bill ...

...And now it goes back to the House. The Washington Post's Lori Mongtomery and Shailagh Murray report that the Senate approved Wednesday night, 74-25, a plan to have the Treasury Dept. buy up to $700 billion in now almost worthless mortgage-related assets. The taxpayers would ...

Yesterday's gigantic news of the bailout bill's failure was more about the House of Representatives than federal agencies-- many lawmakers are more ideological than their party leaders and still others are in vulnerable seats and closely listening to constituents pan the bailout. Nonetheless, Treasury Sec. Henry Paulson and Federal Reserve ...

The New York Times' Floyd Norris reports that if the current bailout proposal passes Congress, Treasury Sec. Henry Paulson can spend his $700 billion on either mortgages or mortgage-backed security or any financial instrument that isn't a mortgage or mortage-backed security. In other words, he can spend it on ...

The Washington Post's Paul Kane and Lori Montgomery report that Treasury Sec. Henry Paulson successfully persuaded Congressional leaders this weekend to support a $700 billion bailout for Wall Street. The House will vote today on a bill whose central premise hasn't changed from ...

The paper's this morning gave a gloomy forecast on Congress and the Bush administration agreeing to a Wall Street bailout. But now the stories are being tweaked to reflect more confidence in a compromise.

The Wall Street Journal's Greg Hitt, Damian Paletta, and ...