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
The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights...
The Obama administration Wednesday for the first time acknowledged killing four U.S. citizens in “counterterrorism operations”...
A Chechen immigrant living in Florida was shot and killed during a violent confrontation with Boston...
