reportonbusiness.com: notSet

Posted AT 5:04 PM EST on 21/09/08

Congress urged to move quickly on ‘mother of all bailouts'

MARTIN CRUTSINGER AND CHARLES BABINGTON

Associated Press

WASHINGTON — The Bush administration insisted on Sunday that Congress must move quickly to approve what one lawmaker called the “mother of all bailouts” — a $700-billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets. However, Democrats said that the U.S.

The full text of this article has 1138 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-78.40	8,327.81
DJIA	+270.00	8,419.09
S&P 500	+32.60	848.81
Nasdaq	+51.73	1,449.80

Stock Profile	Sponsored by:
Profile Quote Lookup

U.S. service sector in a funk

Plus: The close: GE lights the way

Video: Manulife's first loss

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Detroit Three plead for lifeline 5:52 PM 135
2.	Fund industry braces for grim RRSP season 5:33 PM 11
3.	Government funds not needed: Scotiabank 4:04 PM 36
4.	Ted Rogers dies at 75 9:30 AM 126
5.	Nexen shares surge on bid report 3:23 PM 13
6.	Toyota Canada posts record sales 4:28 PM 30
7.	Federal employees earn more than private workers 3:19 PM 199
8.	Manulife to post first loss ever, issue stock 10:41 AM 33
9.	RIM shares drop to year low 11:39 AM
10.	Who were the original $1-a-year men? 2:44 PM 163

Rank	Headline
1.	NHL suspends Avery 6:37 PM
2.	Tories take to airwaves; Greens back coalition 6:27 PM 727
3.	Harper's Options 1:41 PM 387
4.	Globe editorial board editor on why Harper should resign 3:11 PM 162
5.	From the kitchen table to the cabinet table 10:41 AM 79
6.	Jeffrey Simpson on Harper, the coalition and stimulus 12:20 PM 20
7.	Sundin's Leaf days appear to be over 3:30 PM 34
8.	Detroit Three plead for lifeline 5:52 PM 135
9.	Fund industry braces for grim RRSP season 5:33 PM 11
10.	Globe Roundtable 5:17 PM 11

Rank	Headline
1.	Harper's Options 1:41 PM 386
2.	NHL suspends Avery 6:37 PM
3.	Fund industry braces for grim RRSP season 5:33 PM 11
4.	Mutiny on the Rideau 01/12/08 11:32 PM 142
5.	Federal employees earn more than private workers 3:19 PM 199
6.	Harper, Dion put politics before national interest 01/12/08 11:32 PM 488
7.	Who were the original $1-a-year men? 2:44 PM 163
8.	Globe editorial board editor on why Harper should resign 3:11 PM 162
9.	Tories take to airwaves; Greens back coalition 6:27 PM 727
10.	Dismissed and undiagnosed 9:45 AM 5

Rank	Headline
708	Stelmach to Ottawa: 'Stop the nonsense' 708
288	We will have influence in coalition, Greens say 288
248	NDP wants Mounties to probe taping of call 248
199	Federal employees earn more than private workers 199

More popular news items

The Law page


Did BCE wimp out?: Jon Huntsman can teach a thing or two about takeover contracts

ROB Magazine


Ted Rogers's last interview: The cable baron talked to Jennifer Wells about "moving toward stopping"

The Breakthrough


Zenn and the art of electric car maintenance: The breakdown of his beloved 1959 French electric car led to Toronto auto maker's 'aha! moment' and a $5-million investment in a small U.S. battery company