On his first trip to the Middle East, Treasury Secretary Timothy Geithner's message this week will be similar to the one he delivered to Chinese officials a month ago: your investments in the United States are safe. ...more

July 13, 2009

Even as China's state media slammed the country's massive U.S. debt purchases, U.S. Treasury Secretary Timothy Geithner said Tuesday that China's leaders believe in "the basic resilience and dynamism of the U.S. economy." ...more

June 3, 2009

President Barack Obama says the economy is starting to show "glimmers of hope." ...more

April 10, 2009

Top executives of the nation's biggest banks said Friday after meeting with President Barack Obama that they will work with the administration on its economic recovery plans, but want more specifics from the White House. ...more

March 27, 2009

The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more

March 26, 2009

President Barack Obama claimed early progress Tuesday night in his aggressive campaign to lead the nation out of economic chaos and declared that despite obstacles ahead, "we're moving in the right direction." At the second prime-time news conference of his presidency, Obama also toned down his criticism of bonuses to executives at bailed-out AIG, and shot back at Republican critics of his budget. ...more

March 24, 2009

Pointing with dismay to the AIG debacle, the nation's top economic officials argued Tuesday for unprecedented powers to regulate and even take over financial goliaths whose collapse could imperil the entire economy. President Barack Obama agreed and said he hoped "it doesn't take too long to convince Congress." ...more

March 24, 2009

Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. ...more

March 24, 2009

A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration and (c) $165 million. ...more

March 24, 2009

Struggling to contain the worst financial crisis in seven decades, the Obama administration wants to buy billions of dollars of toxic assets from banks to ease borrowing for consumers and businesses. ...more

March 22, 2009