Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis.

President Bush and foreign financial officials staged repeated displays of joint resolve to combat an unfolding financial crisis, hoping to calm investors whose panic has spread.

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.

The Bush administration will respond soon to a letter from California Gov. Arnold Schwarzenegger that said his state could need the federal government to buy $7 billion in notes because of a frozen municipal debt market, a White House official said Tuesday.

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.

Global stock markets plummeted Monday on fears the widening credit crisis would drag the world-wide economy into recession.

Shockwaves from the global credit crisis spread Thursday, rattling industries around the world and raising the stakes for Congress to finish up a $700 billion bank bailout.

Sam Wyly went from growing up without electricity to amassing a fortune estimated at $1.2 billion. In his memoir, the entrepreneur, who's now in the green energy and hedge fund businesses, says anyone can follow in his footsteps if they watch for opportunities.

Congress looked close to reaching a deal to approve a $700 billion plan to bail out the U.S. financial system and President George W. Bush called an emergency meeting for Thursday to hammer out details.

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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Both Sen. Barack Obama and Sen. John McCain called for more independent oversight of the Bush Administration plan to rescue U.S. financial markets.

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.

John McCain and Barack Obama have begun recalibrating their strategies for the presidential campaign  in a contest recast by Mr. McCain’s unexpected selection of Gov. Sarah Palin of Alaska as his running mate, the NewYork Times reports.