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Making it up as they go along

The $700 billion bailout was rushed through Congress as a way of pumping liquidity into the financial system by letting the Treasury buy up so-called toxic assets, the most troubled…

Everything new is old again

For all the change supposedly blowing into Washington in this election, the face of the new Congress, aside from having around two-dozen more Democrats, won't change all that much.

To be…

Sen. Ted Stevens guilty on all counts

Alaska Sen. Ted Stevens was convicted of seven corruption charges Monday in a trial that threatened to end the 40-year career of Alaska's political…

If at first, you don’t succeed

Congress and the Bush administration are beginning to agree on the idea of a second stimulus package but right now that's as far as the agreement goes.

Congressional Democrats have been…

The bailout thing better work

If there were any doubts the House would pass the revised $700 billion bailout package, they were quickly resolved when the unemployment figures for September came out in advance of…

Bailout bill passes, Bush signs

Bloated with pork, the massive $700 billion bailout bill passed the House Friday and President Bush immediately signed the legislation into law, turning to…

When all else fails, try bribery

On Capitol Hill, they call it "sweetening the pot." Out in the real world, it's called bribery.

Whatever you call it, proponents of the $700…

The failure heard ’round the world

America's rudderless ships of state sailed themselves onto the shoals of shallow governance Monday. The wreckage was a failure heard -- and felt -- 'round the world.

The House of…

The least bad alternative

The 133 Republicans and 95 Democrats who voted down the $700 billion bailout of the credit markets also succeeded in wiping out $1.2 trillion in shareholder value on U.S. markets…

Bush, Congress go back to drawing board

Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new…