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Domestic Policy


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Obama welcomes Paulson plan to buy equity in firms

PHILADELPHIA, Oct. 10, 2008 (Reuters) — U.S. presidential candidate Barack Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institutions if necessary to halt market turmoil. ...  > full story

Obama, McCain exchange blows over economy

CHILLICOTHE, Ohio, Oct. 10, 2008 (Reuters) — On a day of fresh economic turmoil, Democratic presidential nominee Barack Obama accused Republican John McCain on Friday of trying to divide Americans and McCain said Obama was dodging legitimate issues. ...  > full story

Senate race in Georgia tops farm-district races

WASHINGTON, Oct. 10, 2008 (Reuters) — Sen. Saxby Chambliss, a defender of U.S. farm subsidies, faces a strong challenge for re-election in Georgia in a top race among several contests that could affect congressional handling of farm issues. ...  > full story

Ex-president Carter slams Bush on market crisis

BRUSSELS, Oct. 10, 2008 (Reuters) — Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s. ...  > full story

Obama: U.S. must move quickly on market rescue

GEORGETOWN, Ohio, Oct. 9, 2008 (Reuters) — U.S. Democratic presidential candidate Barack Obama urged the Treasury Department to move quickly to carry out a rescue plan for financial markets, after U.S. stocks suffered a nearly 700-point decline on Thursday. ...  > full story

McCain, Obama discuss possible Treasury secretary picks

NASHVILLE, Oct. 7, 2008 (Reuters) — U.S. presidential candidates John McCain and Barack Obama both mentioned investor Warren Buffett as a possible pick for Treasury secretary on Tuesday but both spoke in only general terms about the qualities they would seek for that job. ...  > full story

McCain says he would buy up bad home mortgages

NASHVILLE, Tennessee, Oct. 7, 2008 (Reuters) — Republican U.S. presidential candidate John McCain on Tuesday said that if elected president he would order the Treasury Department to buy bad home mortgages and renegotiate them to help homeowners in trouble. ...  > full story

Bush says economy will be fine in long run

CINCINNATI, Oct. 6, 2008 (Reuters) — President George W. Bush said on Monday it would take time for the $700 billion rescue plan to have an effect on the U.S. financial system but that in the long run the American economy will be "just fine". ...  > full story

Bush welcomes House approval of bailout bill

WASHINGTON, Oct. 3, 2008 (Reuters) — President George W. Bush welcomed the passage of a $700 billion financial rescue package by the House of Representatives on Friday and promised to sign the bill into law as soon as he receives it. ...  > full story

White House urges swift passage of bailout bill

WASHINGTON, Oct. 3, 2008 (Reuters) — The White House on Friday urged the House of Representatives to swiftly pass a $700 billion financial rescue package, saying it expects "much, if not all" of that amount to ultimately be recouped. ...  > full story
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