0.31%QQQQ 43.45 
0.48%XLF 21.74 3.62%
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WASHINGTON - Treasury Secretary Henry Paulson says the troubles that brought down Wall Street's once mighty Bear Stearns underscore the government's need to strengthen and clarify the rules governing an array of financial players from commercial banks to investment houses.
Paulson, in a speech Wednesday to the U.S. Chamber of Commerce here, says the Bush administration will soon release such a blueprint aimed at promoting, among other things, the smooth functioning of financial markets. For months the financial markets rocked by the double blows of a housing and credit crises have been suffering through extreme turmoil, threatening to plunge the U.S. economy into a deep recession.
Gold headed back to revisit Tuesday's low of $790 and then recovered once again before the close of futures trading, to climb back to just a...
India pledged Friday not to engage in a new arms race as talks continued in Vienna over whether to let the U.S. sell India nuclear material and t...
IN THE HEADLINES McCain caps GOP convention vowing 'change is coming' to Washing...
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