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
Zohran Mamdani, the New York City mayor, partakes in the NYC Pride march on Sunday.
The grand...
Three firefighters were killed and two others injured Saturday while they tackled wildfires on the Colorado-Utah...
A 22-year-old visitor to Yosemite national park in California died after he was swept over a...
