Prime Minister Brown unveiled an $87 billion plan Wednesday to buttress British banks. Hailed by some European leaders, credit markets responded tepidly.
AP - The Bush administration is considering taking ownership stakes in a number of U.S. banks as one option it might use to deal with a serious credit crisis, an administration official said Wednesday.
AP - John McCain's health plan would reduce the ranks of the uninsured by about 21.1 million people if fully put in place by 2010, while Barack Obama's would reduce the number by 26.6 million, an analysis predicts.
Sheriff Thomas J. Dart said Wednesday he is suspending foreclosure evictions in Cook County, which had been on track to reach a record number of evictions, many because of mortgage foreclosures.
The New York Federal Reserve is lending up to $37.8 billion to AIG to give the troubled insurer access to much-needed cash. The new program is on top of the $85 billion the federal government agreed to lend to AIG last month to prevent the global company from collapsing, CNNMoney.com reports.
The demand for unemployment benefits across the country has put a strain on state unemployment funds, with such funds in at least 10 states facing insolvency in 2009, according to a policy group.