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Neel Kashkari, the first head of the government's $700 billion financial rescue program, will join Pacific Investment Management Co. as a managing director and head of new investment initiatives, the company said Monday. Pimco, one of the world's largest bond...

Bank of America is paying back $45 billion in taxpayer-provided bailout money, and the government now says it expects to get back $200 billion in those funds faster than it imagined. The banks are getting back on their feet, the...

President Obama is looking to use bailout money that banks are returning to the government to help tackle two of the nation's biggest problems -- unemployment and the budget deficit. As he prepared to unveil job creation ideas in a...

Senate confirmation vote on a second four-year term as chairman of the Federal Reserve, Ben S. Bernanke finds himself under attack from both ends of the political spectrum. Libertarian Rep. Ron Paul (R-Tex.), abetted by a number of liberal Democrats,...

Bank of America said Thursday that it raised $19.29 billion in a complex share sale to help pay back $45 billion in bailout funds. Repaying the money could help the ailing bank attract a new chief executive to replace Kenneth...

Professor Elizabeth Warren of Harvard Law School, details information on how poverty edges its way upward from the underclass citizens to middle class Americans...According to the latest revelations, 20 percent of Americans are unemployed, underemployed or just out of work,...

A stand-alone bill may now be in the offing.

Sheila Bair , chairwoman of the Federal Deposit Insurance Corp., told House committee members she disagreed with key points of a Treasury reform initiative. Hours after Treasury Secretary Timothy Geithner testified before the House Financial Services Committee, Bair said the...

This copy is for your personal, non-commercial use only...The European Union's push into a regulatory overhaul is going too quickly and the current deadline of Dec...In a report, the committee said the government should veto the plan if crucial changes...