U.S. lawmakers are set to vote shortly on the biggest proposed government intervention in the U.S. economy since the Great Depression after government officials, Treasury chiefs and political leaders agreed details of a $700 billion rescue plan to prop up the nation’s ailing financial system.
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A $700-billion US package negotiated by U.S. Congressional leaders over the weekend to bail out the American financial industry has failed a vote in the House of Representatives.
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A man accused of attacking a gay man over the weekend in the city’s West End appeared briefly in Vancouver’s new community court Monday morning.
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The Toronto stock market hit an 800-point downdraft Monday as defeat appeared possible for a $700-billion U.S. financial bailout bill and the price of oil dropped below $100 US a barrel.
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The House, following four hours of heated and emotional debate, is voting on a sweeping $700 billion bailout of the nation’s financial system. Investors are watching the vote closely. The Dow plummeted more than 700 points as votes against the bill mounted.
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Facing numerous defence motions that would have laid bare police actions, the Crown dropped most charges Monday against an aboriginal protester who helped organize a blockade last summer of an Ontario highway and rail line, and agreed to a slap-on-the-wrist-penalty for the remaining ones.
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The vice presidential candidates on Monday are squeezing in campaign appearances in battleground states before they transition into debate prep mode.
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Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal announced Monday, following much speculation over the weekend about the fate of the nation’s fourth-largest bank.
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The US sends a top negotiator to North Korea for talks after Pyongyang says it will restart its nuclear programme.
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