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U.S. readies up to $800B to spur loans - Toledo Blade
WASHINGTON - The federal government said yesterday that it will use up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan, or borrow money through a credit card. The new weapons against the financial meltdown ...

US gov't unveils bold plan to rescue Citigroup - Toledo Blade
WASHINGTON - Rushing to rescue Citigroup, the U.S. government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster badly ...

IN BRIEF: News around Downriver - News-Herald
The Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...

Obama's A Team - Wall Street Journal
Paul Gigot: Coming up next on "The Journal Editorial Report," Obama's A team. We'll look at the players he's putting in charge of economic policy and their plans to turn things around. Plus, Citigroup's taxpayer parachute. You may be on the hook for ...

Read the 'JER' transcript - FOX News
This is a rush transcript from "The Journal Editorial Report," November 29, 2008. This copy may not be in its final form and may be updated. PAUL GIGOT, FOX HOST: Coming up next on "The Journal Editorial Report, Obama's A-team. We'll look at the ...

Open Thread - News Busters
For general discussion and debate. Possible talking point: Is the worst of the financial crisis still to come ? The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010 ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

U.S. announces new mortgage loan aid process - Toledo Blade
WASHINGTON — The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac ...

Obama calls McCain mortgage plan ill-advised - San Francisco Gate
Democrat Barack Obama told Ohio voters Thursday that Republican John McCain's mortgage buyout plan would cost them billions of dollars and reward bad behavior by lenders. Speaking in Dayton as he started a two-day bus tour of hotly contested Ohio ...

In Toledo talk, economist says question is downturn's duration - Toledo Blade
A respected economist who specializes in tracking trends in the Midwest told local business leaders yesterday that the nation's economy is definitely in recession, but it's not likely to last as long as most people might think. Ken Mayland, who was ...