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Chavez says US crisis could bring down oil

Posted: 09/30/2008 - Venezuelan President Hugo Chavez is calling the U.S. financial crisis a failure of free-market capitalism. Chavez also says that "the Washington consensus has collapsed" and that economies worldwide could be harmed if it causes drops in the prices of natural resources including oil and other minerals.

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Lawmakers want probe of US exports to Iran

Posted: 09/30/2008 - Two House Democrats are asking congressional investigators to examine U.S. exports to Iran to see whether approval procedures are being abused.

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Schlumberger says Gustav, Ike cut into profits

Posted: 09/30/2008 - Oilfield services provider Schlumberger says disruptions from back-to-back hurricanes in the Gulf of Mexico in the past six weeks will have a negative impact on third-quarter earnings.

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Bush says `Congress must act" on bailout

Posted: 09/30/2008 - President Bush has issued a warning to Congress: act now on a financial rescue plan or the economy could face "painful and lasting" damage.

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Rebound seen at opening bell

Posted: 09/30/2008 - Stock prices mounted a rebound after Monday's 777-point drop in the Dow. The index was up 200 points in Tuesday's early going. Tuesday's trading comes on the final day of the quarter.

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Dow Drops More Than 700 Points

Posted: 09/29/2008 - The Dow Jones Industrial Average has dropped more than 700 points less than an hour before the closing bell.

Stay connected to Volunteer TV News and for continuing coverage of this developing news story.

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Maryland helicopter crash survivor recovering

Posted: 09/29/2008 - The father of a Maryland teen who survived a car accident and then her rescue helicopter's crash says his daughter can't speak but squeezes his hand.

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Three courts clear way for early voting in Ohio

Posted: 09/29/2008 - In a defeat for Republican challenges, state and federal courts have cleared the way for a weeklong period in which new voters can register and cast an absentee ballot on the same day in Ohio.

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House to reconvene after $700B bailout defeat

Posted: 09/29/2008 - House leaders say they're reconvening Thursday instead of adjourning for the year as planned, after dealing a $700 billion financial market bailout a stunning defeat.

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Dow closes with historic one-day point drop, down 770 points

Updated: 09/29/2008 - Stocks suffered dramatic losses as the House defeated the massive financial rescue package. Based on preliminary data, it was the single-largest point drop in history, but far from the largest on a percentage basis. While the final numbers were still shaking out, the Dow lost 770 points or 6.9 percent to 10,372. The S&P 500 dropped 104 points or more than 8 percent to 1,109. The Nasdaq composite was down about 200 points or 9 percent to 1,983.

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Stocks tumble as bailout plan fails in House

Updated: 09/29/2008 - Wall Street has ended a stunning session with a huge loss, with the Dow Jones industrials plunging more than 735 points -- their largest point drop ever -- after the failure of the financial bailout plan in the House.

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Bush very disappointed by House vote

Posted: 09/29/2008 - President Bush is voicing disappointment at the House vote rejecting the administration's rescue plan for the nation's financial industry and vowed to "address this economic situation head on."

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