The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets.
Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.
Treasury Seeks Asset-Buying Power Unchecked by Courts
A pilot and co-pilot from the United States have died in a fiery plane crash as...
A shooting near a community festival in Toledo, Ohio, wounded at least 12 people on Saturday,...
Gordon S Wood, a Pulitzer prize-winning author and historian, was killed on Sunday when he was...
