Latest Henry Paulson Stories
The federal government backed off a plan to buy toxic mortgages, U.S. Treasury Secretary Henry Paulson said Wednesday, favoring a program of investment. In looking for ways to address the U.S. economic crisis, Paulson said in early October that buying bad home loans was a likely answer.
On Monday, the Bush administration was accused of rushing to implement Internet gambling rules that have raised concerns among banks before leaving office in January.
PITTSBURGH, Oct. 28 /PRNewswire-USNewswire/ -- In a letter sent today to U.S. Treasury Secretary Henry M. Paulson, United Steelworkers (USW) President Leo W.
U.S. Treasury Secretary Henry Paulson Jr. emphasized Monday the $250 billion bank equity purchase program would not cost taxpayers. "This is an investment, not an expenditure, and there is no reason to expect this program will cost taxpayers anything," Paulson said in a statement.
By Sue Kirchhoff and Barbara Hagenbaugh WASHINGTON -- The Treasury Department's extraordinary announcement Tuesday that it will buy as much as $250 billion in stock to shore up the nation's banking system is designed not to undermine free-market capitalism -- but to save it.
By Edmund L. Andrews and Mark Landler As international leaders gathered here to grapple with the global financial crisis, the administration of President George W. Bush embarked on an overhaul of its own strategy for rescuing the foundering financial system. Two weeks after persuading the U.S.
By KEN MIDKIFF After calls into U.S. representatives and senators opposing the bailout of Wall Street by a margin of 100-1 (according to CNN), Congress did the exact opposite of what its constituents had called for and gave a bundle of money to those who had caused the monetary woes.
By Stephen Foley; Sean O'Grady CITIGROUP ABANDONED its government-backed takeover of rival US bank Wachovia last night, ceding control of the tottering institution to Wells Fargo, a smaller bank which made a private bid for the company late last week.
The $700 billion U.S. financial bailout plan won't save every financial institution, U.S. Treasury Secretary Henry Paulson said Wednesday. "One thing we must recognize - even with the new Treasury authorities, some financial institutions will fail," Paulson said during a news conference.
By Theresa Howard He's now the $700 billion man. On Tuesday Neel Kashkari, 35, an assistant secretary of the Treasury, was named interim head of the Office of Financial Stability by Treasury Secretary Henry Paulson.