Oil companies and many lawmakers are pressing to open up more U.S. land for drilling. But the industry is drilling on just a fraction of offshore areas it already has access to.
Congress demands answers on bailout
Key lawmakers blasted Treasury Wednesday for its handling of the $700 billion financial rescue plan, saying it lacks appropriate measures to ensure the bailout is working.
Where AIG's new bailout ranks
AIG may have gotten a $150 billion deal Monday, but that's just a small fraction of the nearly $3 trillion in financial rescue programs the government has created to stabilize the U.S....
Here comes stimulus - question is how
The drumbeat for lawmakers to do more to boost the economy is growing louder. And the chances have increased that Congress could pass a second stimulus package during its lameduck session...
Oil rebounds from bailout failure
Oil bounced back above $100 a barrel Tuesday, a day after Congress' failure to pass a $700 billion economic rescue plan sent prices plummeting, as investors waited for lawmakers to return...
US failure hits European shares
European shares are up and down in volatile trading after the US financial rescue plan was rejected by lawmakers.
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