AFP - US and European markets fell back badly Monday as anxious investors waited on US lawmakers to pass a 700-billion-dollar debt bailout and President George W. Bush urged top speed on the plan. Read more…

AP - Italian aviation authorities on Monday warned that Alitalia could be grounded within days if no deal is reached to sell the bankrupt airline. Read more…

Reuters - The European Commission said on Monday it welcomed U.S. plans to stabilize the financial system but wanted to see more details. Read more…

AP - Wall Street headed to a lower start Monday to what's expected to be an uneasy week, with investors extremely cautious about a proposed government plan to buy $700 billion in banks' mortgage debt. Read more…

AFP - European stock markets drifted lower Monday, despite earlier gains in Asia, on investor caution about a massive US rescue plan to relieve the financial system of toxic debt, dealers said. Read more…

AFP - The FTSE rose 0.18 percent in initial trade on Monday, as investors responded to a massive US rescue plan for the distressed financial sector. Read more…

Reuters - European stocks halted a rally in world equities on Monday and the dollar fell as jittery investors awaited detail of Washington's $700 billion bailout to tackle the worst financial crisis since the Great Depression. Read more…

AP - The Bush administration and the Federal Reserve are moving on multiple fronts in an effort to calm financial markets that have been roiled by the biggest upheavals on Wall Street since the Great Depression. Read more…

AP - Oil prices were steady Monday in Asia as investors grappled with the possible impact on crude demand of a $700 billion U.S. proposal to buy bad mortgage debt. Read more…

AP - Asian markets extended gains Monday after the U.S. government proposed a $700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt. Read more…

AP - Here is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions: Read more…

AP - The Bush administration insisted on Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" — a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets. Read more…

AFP - The recent economic downturn could push the European Union to adopt more modest ambitions in its fight against climate change. Read more…

Reuters - Rep. Barney Frank on Sunday proposed including executive pay limits and foreclosure mitigation efforts in the Treasury Department's $700 billion financial bailout plan aimed at absorbing bad mortgage assets that have paralyzed the U.S. financial system. Read more…

AFP - Britain's Financial Services Authority (FSA) is in secret negotiations to facilitate the acquisition of mortgage lender Bradford & Bingley, the Sunday Telegraph reported. Read more…

Reuters - The Bush Administration sent a $700 billion plan for a U.S. government bailout of bad mortgage debt to Congress on Saturday, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression. Read more…

AP - The Bush administration is asking Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions. According to a draft obtained Saturday by The Associated Press, the proposal would: Read more…

AP - Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. Read more…

Reuters - The U.S. government curbed short-selling and guaranteed money-market mutual funds on Friday as it worked on a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, sending global stock markets soaring. Read more…

Reuters - The U.S. Treasury will propose a $500 billion to $800 billion government program to take toxic mortgage-related assets off the books of U.S. financial firms, banking industry sources said on Friday. Read more…

Reuters - The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt. Read more…

Reuters - The U.S. Treasury would have authority to buy whole loans, collateralized debt obligations and mortgage-backed securities under an evolving financial market rescue plan, CNBC reported on Friday, citing an unnamed Treasury official. Read more…

AP - The federal government on Friday stepped in to bolster the teetering $3 trillion money-market mutual fund industry and stem a wave of withdrawals that resembled a Depression-era run on the banks — sparked largely by panicked institutional clients rather than individual investors in what are normally considered to be the safest of investments. Read more…

AP - Spain will pay jobless immigrants to go home under a decree approved Friday, more evidence of how its once-booming economy has quickly gone bust. Read more…

Reuters - The U.S. Treasury intends to double its planned purchases of mortgage-backed securities to $10 billion this month as part of its broad plan to stabilize markets and deal with problem bank assets. Read more…