Patrice Hill

Barney Frank pledge reverses market plunge

Wall Street got rescued from another day of steep losses Tuesday by an unlikely source: House Financial Services Committee Chairman Barney Frank.

May 25, 2010

Senate passes massive bank overhaul bill

The Senate on Thursday cleared remaining hurdles and easily passed a sweeping Wall Street reform bill, handing President Obama a victory even as a new financial crisis swept U.S. and global markets.

May 21, 2010

Senate passes sweeping bank reform bill

The Senate on Thursday cleared the last hurdles and passed a sweeping Wall Street reform bill, handing President Obama a victory even as a new financial crisis swept U.S. and global markets.

May 20, 2010

Financial reform clears Senate hurdle

The Senate voted 60-40 on Thursday afternoon to end debate on the financial reform bill, making it likely the sweeping measure will pass the Senate within days.

May 20, 2010

Liberals, GOP block bank reform in Senate

The sweeping financial reform bill ran into a roadblock Wednesday as liberal Democrats said it did not go far enough to rein in Wall Street and Republicans condemned it as the latest "government takeover" of industry.

May 20, 2010

Liberals, GOP block bank reform in Senate

Democrats say the sweeping financial reform bill does not go far enough, while Republicans decry a "government takeover."

May 19, 2010

Conservatives oppose bailout in Europe

Conservative Republicans are trying to stop the United States from participating in the bailout of overindebted European countries through the International Monetary Fund.

May 19, 2010

Conservatives oppose IMF bailout in Europe

Conservative Republicans are trying to stop the United States from participating in the bailout of overindebted European countries through the International Monetary Fund.

May 18, 2010

Doubts linger about EU debt package

While last week's stunning $1 trillion rescue package for heavily indebted members of the European Union initially helped calm gyrating global markets, doubts resurfaced quickly over whether the plan will suffice to solve Europe's monumental financial problems.

May 17, 2010

Doubts linger about European debt package

While last week's stunning $1 trillion rescue package for heavily indebted members of the European Union initially helped calm gyrating global markets, doubts resurfaced quickly over whether the plan will suffice to solve Europe's monumental financial problems.

May 17, 2010

Fed aids European rescue plan

While Fed-bashing remains popular on Capitol Hill, legislators demonstrated once again this week how they depend on the central bank to fight financial fires like last week's market panic.

May 13, 2010

Lawmakers slap the hand of Fed that saves them

While Fed-bashing remains popular on Capitol Hill, legislators demonstrated once again this week how they depend on the central bank to fight financial fires like last week's market panic.

May 13, 2010

EU rescue package triggers rally in global markets

Global stock markets soared Monday as investors enthusiastically embraced a $1 trillion rescue package from the European Union and International Monetary Fund to stem the burgeoning crisis among Europe's heavily indebted nations.

May 11, 2010

EU crisis revives memories of ‘08 crash

Just as the U.S. economic recovery was starting to gather momentum and create an impressive number of jobs, a new threat emerged last week with the European debt crisis exploding onto U.S. markets.

May 10, 2010

Jobs up 290,000 in April; jobless rate 9.9%

The economic recovery strengthened and produced jobs for a fifth straight month in April, with the pace of job growth picking up to 290,000 from 230,000 in March, the Labor Department reported Friday morning.

May 7, 2010

Greek debt crisis hammers Dow down 998 points

Greece's deepening debt crisis triggered a stock panic Thursday, with the Dow Jones Industrial Average plummeting by a record of nearly 1,000 points on fears that the crisis threatens the entire debt-burdened developed world.

May 7, 2010

Markets dive on doubts about Greek aid

Global stock markets plummeted Tuesday on doubts that the European Union's $145 billion bailout package for Greece will keep the European debt crisis from spreading weakness around the world.

May 5, 2010

Economy grew 3.2 percent in 1st quarter

The nation's economy this winter grew for a third straight quarter after suffering through the longest and deepest recession since the Great Depression, the Commerce Department reported Friday morning.

April 30, 2010

Portugal’s economy might mimic Greece’s

The same market maelstrom that engulfed Greece this week and forced it into the arms of the International Monetary Fund poses a serious threat to Portugal and other heavily indebted European nations.

April 30, 2010

Goldman on Senate hot seat for reform

Goldman Sachs executives on Tuesday resisted attempts by a Senate investigative subcommittee to use the firm as "Exhibit A" in the Democrats' drive to reform Wall Street practices.

April 28, 2010