business - "credit"

The global credit crunch has arrived on Main Street USA, leaving American consumers – the engine of the economy – awash in debt and struggling in a way they haven't known for years

How's the banking crisis hitting the American economy? Ask your local car dealer.

The credit markets saw only scant signs of improvement Friday, with lawmakers still debating the bailout plan that would take $700 billion of risky assets off troubled banks' books.

Though both houses of Congress have passed versions of a bill to extend solar tax credits for eight years, no compromise has been reached on how to fund the extension — which could be its downfall.

NEW YORK----On September 23, 2008, American International Group, Inc. announced that it had signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85 billion revolving credit facility.

Who you'll need to contact in order to change beneficiaries: --IRAs: Request a beneficiary change form from the brokerage, mutual fund company, bank or credit union maintaining the account.

Supporters of the Bush administration’s plan to buy troubled loans from financial institutions say it would help Main Street as well as wall street by restoring the flow of credit to consumers and small businesses.

The Australian government announced Friday it would invest four billion dollars (3.32 billion US dollars) in the mortgage market in response to the global credit crunch.

LONDON: UK's central bank, the Bank of England will pump an additional £55 billion in a fresh effort to address worsening credit market pressure as hopes for a US bailout faded, media reports say....

WASHINGTON (MarketWatch) -- House Speaker Nancy Pelosi said Friday afternoon that a 'great deal of progress' has been made on the rescue plan, and that 'we are back on track.' Rep. Barney Frank, chairman of the House Financial services Committee, said he expects an agreement on the rescue plan by Sunday. He added that it's Congress's job to undo years of no regulation, and that the auto industry is at risk from the credit crisis.