Politics George W. Bush

  • Don’t heed the hype. This weekend’s G20 Summit will not, and cannot live up the hopes that a new financial architecture will be unveiled. It will likely be little more than a photo opportunity for the political class to demonstrate to their people that they are doing some about the global crisis.

  • Stocks fell to their lowest levels in two weeks as worries about a global slowdown spooked the market.

  • Stocks continued to slide Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.

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    President-elect Barack Obama is steering clear of this weekend's emergency global financial summit in Washington, a decision that gives him distance from his unpopular predecessor's policies and avoids any appearance of upstaging the current president.

  • Stocks continued to slide Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.

  • Stock index futures pointed a slightly weaker open Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.

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    The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid.

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    The tensions and their increasingly public airing provide a revealing coda to the ill-fated McCain-Palin ticket, hinting at the mounting turmoil of a campaign that was described even by many Republicans as incoherent, negative and badly run.

  • Barack Obama & John McCain

    Senator Barack Obama’s fund-raising juggernaut appears to have slowed dramatically from its record-shattering pace in September, raising $36 million in the first half of October, according to new filings with the Federal Election Commission.

  • Treasury Secretary Henry Paulson, left, and Federal Reserve Chairman Ben Bernanke.

    The US government mishandled the credit crisis, much as it did Hurricane Katrina three years ago, say crisis management experts.


    The U.S. government's move to pour $250 billion into banks was appropriate and sufficient, but the markets will take time to heal, Mohamed El-Erian, Pimco co-CEO and co-chief investment officer, told CNBC Tuesday.

  • President Bush, right, makes remarks during the re-dedication ceremony of the Islamic Center of Washington in Washington, Wednesday, June 27, 2007. Center Director Dr. Abdullah Khouj is at left. (AP Photo/Gerald Herbert)

    President Bush said Friday the government would move aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself which was sending stocks plummeting.

  • Financial Crisis

    Governments around the world tried to contain the fast-spreading credit crisis, but stock, bond and commodity markets saw investors bet on a sharp downturn.

  • A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

  • I thought he was pretty good. Kinda gave us some economic history about the mortgage credit collapse. Might have said a bit more on the taxpayers making good money as the mortgage loans are auctioned off and then worked out profitably.

  • John McCain and Barack Obama

    The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."

  • President Bush said Tuesday he is confident that Congress will reconcile differences and come together to pass a $700 billion bailout bill to deal with the financial meltdown that has shaken the global economy.

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  • As job losses in the United States have leaped, a second economic stimulus package has become “warranted and necessary,” House Majority Leader Rep. Steny Hoyer (D-Md.) told CNBC Monday.

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    U.S. President Bush Wednesday signed into law a housing rescue plan passed by Congress as foreclosures rise and property values slump, including emergency backstop credits for the big mortgag elenders.