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Fed cuts key interest rate half-point to 1 percent (Washington Post) WASHINGTON -- The Federal Reserve slashed a key interest rate by half a percentage point, driving it to a level seen only once before in the last half-century, and the government finally began distributing funds from the billions in the financial rescue package.
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GM: Congress confronts the perils of bankruptcy - Kait 8 Over the past several days, while General Motors Chairman and Chief Executive G. Richard Wagoner Jr. has repeated his mantra that "bankruptcy is not an option," the specter of a Chapter 11 reorganization is circling GM's downtown Detroit headquarters ...
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