WASHINGTON - The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.
WASHINGTON - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.
On the eve of the penultimate presidential debate, a new TIME/CNN poll shows John McCain still struggling in states won by George W. Bush in 2004, a sign that last week's vice-presidential debate had little effect on voter opinion.