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
Two children were killed Wednesday and at least 17 people were injured when a gunman fired...
Patty Murray, the Washington senator, has called for the Trump administration to provide “immediate answers” about...
A tour bus returning to New York City from Niagara Falls with 54 people aboard crashed...
