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White House: Bush mulling speech to nation

Updated: 09/24/2008 - President Bush is considering whether to address Americans directly about the financial crisis, and his spokesperson says the nation risks "calamity" without bold action to address the problem.

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Bernanke: Fed will 'act as needed' to help

Posted: 09/24/2008 - Federal Reserve Chairman Ben Bernanke says the worsening financial crisis could prove a major weight on U.S. business growth and pledges to "act as needed" to brace the wobbly economy.

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Goldman raising $5 billion in public stock offer

Posted: 09/24/2008 - Goldman Sachs will sell $5 billion worth of common stock to the public as part of a capital-raising plan that also includes Warren Buffett's investment of at least $5 billion.

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Senators skeptical of bailout plan

Posted: 09/23/2008 - Leading senators of both parties are expressing strong reservations about the administration's financial bailout plan despite pleas from the treasury secretary and Federal Reserve chairman for quick passage.

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Big construction subcontractor sued over wages

Posted: 09/23/2008 - A group of construction workers from California, Arizona and Nevada have filed a lawsuit accusing one of the nation's largest home-building subcontractors of failing to pay proper wages.

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Winter, repairs stall atom smasher until spring

Posted: 09/23/2008 - The European nuclear research organization says repairs and the onset of winter will delay the startup of the world's largest particle collider until spring.

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