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Paulson Predicts Success In Overcoming Crisis

Posted: 10/21/2008 - Treasury Secretary Henry Paulson says the current financial challenges facing the country will persist for a number of months, but he said the economy will rebound.

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Optimism High For Those Saying U.S. Moving Right Way

Posted: 10/21/2008 - The number of people who see America moving in the right direction is dwindling, but their optimism is fueled by the knowledge that the U.S. has made it through tough times before.

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Treasury Office Faults IRS Computer Security

Posted: 10/16/2008 - A watchdog group says two new IRS computer systems that will eventually cost taxpayers almost two-billion dollars are being put into service with known security and privacy problems.

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Stocks Plunge Anew As Data Points To Recession

Posted: 10/15/2008 - Stocks fell on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that said tight credit conditions are hurting businesses across the country.

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AIG Executives Spent Thousands During Hunting Trip

Posted: 10/15/2008 - A handful of top executives from American International Group spent thousands of dollars during a recent English hunting trip, even as the insurer asked for an additional $37.8 billion loan from the Federal Reserve. That was on top of $85 billion loaned last month.

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JPMorgan Profit Sinks As Loan Losses Pile Up

Posted: 10/15/2008 - JPMorgan Chase & Company says its profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.

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Paulson Defends Government Intervention

Updated: 10/15/2008 - Treasury Secretary Henry Paulson says the next several months are going to be rough ones for the economy. He defended government intervention in the private financial industry Wednesday morning.

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Linens-N-Things To Begin Liquidation This Week

Updated: 10/14/2008 - Specialty retailer Linens-N-Things says it plans to begin liquidation sales at its stores as early as Thursday after failing to find a buyer that wanted to operate the company.

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It Takes A Long Time For A Market Recovery

Posted: 10/14/2008 - Everyone wants to know when things will get better on Wall Street. Here's a rundown on how long it has taken during past recession/crashes.

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Financial Meltdown

Posted: 10/14/2008 - The Bush administration is planning to greatly expand protections for the U.S. banking system out of deep concern about the faltering economy.

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Hillary Clinton Says Bush Blind To Middle Class

Posted: 10/13/2008 - The New York senator has told a Philadelphia audience Monday that it breaks her heart to see the U.S. in an economic crisis eight years after Democrats left the nation in sound fiscal shape.

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Obama Offers New Proposals To Help Economy

Posted: 10/13/2008 - Democrat Barack Obama is calling for a 90-day moratorium on foreclosures and a two-year tax break for businesses that create jobs as part of a plan to heal the nation's ailing economy.

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Wall Street Soars As Government Pledges Bank Aid

Posted: 10/13/2008 - Wall Street is snapping back from last week's devastating losses on growing hopes the stock market will finally find some footing. Investors are cautiously optimistic after the Bush administration and European governments pledged coordinated actions to help the crippled financial system. The Treasury has said it plans to buy U.S. bank stocks.

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