bailout

Stock prices are at six-year lows. Over the past two days the Dow Jones industrial average has lost more than 6 percent of its value.

The $700 billion bailout was supposed to stabilize the financial industry and get banks lending again. But that hasn't happened yet.

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Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.

GMAC Financial Services announced Thursday that it is seeking a capital infusion from the government and trying to access the $700 billion set aside for a bailout of banks that its parent General Motors has so far been denied.

Automaker CEOs flew private jets to ask for bailout.

Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.

Auto industry executives were back on Capitol Hill Wednesday morning to ask for a federal bailout but they once again faced an uphill battle in winning the necessary support from Congress.