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Financial bailout legislation News

Wellstone legacy: Mental Health Parity Law

Desperate to pass the $700 billion "rescue" of financial markets, Congress tacked it on to a mental health parity bill that had languished since first championed by Minnesota Senator Paul Wellstone 12 years ago.

In the Media by Kathlyn Stone

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Financial bailout legislation

Financial bailout legislation Headlines

Ally Financial unit in creditor protection

The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.

Merkel hints at expanded EU firewall

Germany is open to temporarily boosting the Eurozone's financial bailout fund as governments push to protect other financially fragile nations.

US 'to make profit from bailouts'

The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury says.

Spain's bond yields jump as bailout fears grow

Spain's cost of borrowing on the international debt markets rose sharply again Monday, increasing concern that the country may become the latest member of the eurozone to seek a financial bailout.

AUDIO: How did Canada weather the crisis?

The president of the Toronto Financial Services Alliance told Radio 5 live how Canada managed to avoid a state-bailout.