Politics George W. Bush

  • Barack Obama

    President-elect Obama pledged quick work on an economic recovery plan to include tax cuts and increased federal spending.

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    The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.

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    Despite their deep political and philosophical differences, Barack Obama and George W. Bush are being counted on by Wall Street to work together in the next two months to tackle the financial crisis.

  • President Bush said there may be more government rescues of financial institutions like the $20 billion bailout late Sunday of Citigroup

  • President-elect Barack Obama

    As President-elect Barack Obama rushes from secret job interviews with ex-primary rivals, to briefings on the global financial crisis, to discussions of saving the U.S. auto industry, the post-election period may feel frenetic.

  • Stocks attempted to rally this afternoon — and the Dow and S&P even briefly broke into positive territory — but at the end of the day, the downward pressure was just too crushing and stocks ended lower.

  • Stocks retreated Friday after a record drop in retail sales and some dismal fourth-quarter forecasts.

  • Stocks retreated Friday after a record drop in retail sales and some dismal fourth-quarter forecasts.

  • Stock were set for another negative open Friday, following a roller-coaster session for the major indexes on Thursday that saw the Dow swing more than 900 points from low to high. 

  • 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.

  • WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    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.