Bailouts | featured news

General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years, drawing the company closer to a stock offering that would repay at least part of its government aid....

Stocks tumbled for a second day Friday after concerns grew that the deep spending cuts under Europe's bailout plan would slow a global recovery.

The congressional audit would examine the Fed's emergency aid program and disclose previously secret recipients of bailout money.

The Senate voted 96 to 0 on Tuesday to authorize a congressional audit of the secretive Federal Reserve Board's emergency aid program and full disclosure of who got the money, a plan that could reveal more details about government help for embattled investment firm Goldman Sachs.

Government-controlled mortgage finance giant says it will request $8.4B from taxpayers to stay afloat.

The total taxpayer bill for both Freddie Mac and Fannie Mae is now about $136 billion.

93-5 vote drops $50B fund to cover liquidation costs in winding down troubled financial firms.

The $147 billion, three-year bailout offered to Greece by euro-zone countries and the IMF won't be enough to cover Greece's costs, an examination of Greek financial figures shows.

The Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis....

A Senate committee on Wednesday passed a proposal aimed at helping protect the economy from future meltdowns and taxpayers from more Wall Street bailouts.

Senator Mitch McConnell said that the proposal would continue government bailouts of big banks.