The government estimates it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program.

The Treasury Department says it has provided an additional $4.7 billion to 92 banks as part of the government’s $700 billion rescue of the financial system.

At a time when other states are clamoring for cash, South Carolina Gov. Mark Sanford is saying no thanks.

Officials say that congressional Democrats leaders and the White House have finalized a deal to spend $15 billion on emergency loans for struggling U.S. automakers.

The Senate’s top Democrat says Congress could act on an auto bailout as early as the end of the day.

The Senate’s top Democrat says Congress could act on an auto bailout as early as the end of the day.

A government audit says the Treasury Department needs tougher controls to oversee the $700 billion financial bailout package.

Ford Motor Co. CEO Alan Mulally says he’ll work for $1 per year if the automaker has to take any government loan money.

Treasury Secretary Henry Paulson says the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.

President George W. Bush says his administration is ready to help other institutions like it is helping Citigroup. Following a meeting with Treasury Secretary Henry Paulson, Bush said the Citigroup rescue was deemed necessary to “safeguard the financial system.“ And he added he’ll make similar decisions in the future, if need be.

Treasury Secretary Henry Paulson says the financial crisis now plaguing the world economy is an event that happens “once or twice” in 100 years.

Congressional hearings continue on Capitol Hill…the discussion…on whether or not to give 3 major American car manufacturers…a $25 million taxpayer bailout.  But how is it affecting local dealerships?  WJBF News Channel 6’s Barclay Bishop has the answers.

Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit’s Big Three automakers and the economy disheartened investors.

The top Senate Democrat is trying to lower expectations for emergency legislation to help the beleaguered U.S. auto industry. Sen. Harry Reid said Wednesday it’s the Bush administration’s responsibility to save the once-mighty carmakers from collapse.

Atlanta Mayor Shirley Franklin says a bailout plan for cities that she pitched, along with mayors of Philadelphia and Phoenix, was not just a plea for those cities. Franklin says it’s also a request for help for local governments across the country struggling in the strained economy.