Last week's angry-mob-with-pitchforks approach to bonuses paid by AIG is giving way to a more pragmatic approach this week as lawmakers and investors weigh the potential risks of the proposals before them. The issue is likely... [full story]

The Obama administration unveiled its plan to remove toxic assets from the books of the nation’s banks, betting that it can revive the U.S. financial system without resorting to outright nationalization. The plan is... [full story]

The Federal Reserve shocked the markets this week by taking new dramatic actions to end the recession. They announced they'll be buying more than $1 trillion in U.S. Treasury bonds and mortgage backed securities guaranteed... [full story]

When the Federal Reserve announced last week it was buying $300 billion in long-term Treasury notes, the move was viewed as one of the safer bets the central bank has made recently. After all, the Fed has either bought or... [full story]

Suncor Energy Inc. has reached an agreement to acquire Petro-Canada, a deal that would mark the final chapter of independence for the former state-owned oil company. The companies released a joint statement early Monday... [full story]

The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the... [full story]

 Even though he was almost a member of the new Obama administration, New Hampshire Republican Judd Gregg Sunday slammed President Obama’s approach to handling the country’s fiscal outlook.... [full story]

Nineteen US states are demanding that insurance giant AIG reveal details of bonuses paid to executives, so they can take steps to recover the funds. This comes after New York Attorney General Andrew Cuomo said AIG had given... [full story]

Hungarian Prime Minister Ferenc Gyurcsany says he will stand down, as his government's popularity plummets amid the global financial crisis. The Socialist leader, in power since 2004, told his party congress that he considered... [full story]

An economics student could get a crash course on the financial disaster by walking through Canary Wharf, the greatest concentration of banks, securities dealers and asset managers beyond Manhattan. The ultramodern towers... [full story]