By Jeannine Aversa Associated Press WASHINGTON -- Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 billion into banks and investment houses and allow them to put up risky ...

The Fed's quarter-point cut in the federal funds rate _ which banks charge each other for overnight loans _ brought it down to 4 ... The Fed's third consecutive rate cut in recent months was welcome, but many on Wall Street were disappointed ...

economy may be sinking into recession, the Federal Reserve on Wednesday placed one more prop under it by making its second rate reduction in just eight days. Since September, the nation's central bank has slashed rates five times, taking the benchmark ...

The bold, half-point reduction approved by Fed Chairman Ben Bernanke and all but one of his colleagues came as President Bush and Congress raced to enact a separate rescue package -- including tax rebates for individuals and tax breaks for ...

The new forecast, a compilation of predictions by Fed governors and presidents of the Fed's regional banks, anticipates that the U ... Fed officials, meeting on a government holiday when the American markets were closed, stunned investors ...

- Authorities are considering charges in the bizarre case of a woman who sat on her boyfriend's toilet for two years - so long that her body was stuck to the seat by the time the man finally called police. It appeared the 35-year-old Ness City ...

NOVAK Djokovic may have celebrated his first grand slam title in Melbourne yesterday but he is adamant Roger Federer is far from finished ... Djokovic has been touted for some time as the long-term successor to Federer as the world's top player ...

Bernanke said that at some point this year, the Fed will need to "assess whether the stance of monetary policy is properly calibrated" to foster the Fed's objectives of price stability "in an environment of downside risks to growth ... As the ...

By DOUGLAS HAMILTON THE Federal Reserve last night cut a key interest rate for the second time in eight days, shaving a half-of-a-percentage point off its bellwether federal funds rate to 3% in a move to calm turbulent financial markets and to ...

Federal Reserve has collected bids from 93 financial institutions in its first auction of short-term credit, a turnout that suggests banks might be more inclined to borrow from the Fed under its auction-based system. Banks have typically feared ...

Secondly, with the fed holding these assets, unlike a bank with share holders, the Fed does not have to show a profit off them ... These people will likely be able to rearrange their debt now and still pay back their mortgage over the same 30 years, ...

Because of the Fed's direct influence over interest rates, the money supply and the larger economy, some have called the Fed chairman the second most powerful in Washington after the president. Economist Lawrence Chimerine, president of ...

-------------------- Financial markets Fed takes steps to ease crisis WASHINGTON - The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy ...

PUT YOUR SEAT BELT ON HERE IT COMES PUT YOUR SEAT BELT ON HERE IT COMES PUT YOUR SEAT BELT ON HERE IT COMES PUT YOUR SEAT BELT ON HERE IT COMES I hope you all cashed up The markets won't be pretty Tuesday It looked to me that the sell off... ...

Now I have heard everything, Phaedrus!  You out did yourself with this tale  Next you will be saying that John and Sarah jumped out of your television, stripped you naked, painted you red and force fed you mooseburgers  Get real! ...