Bush: People Will ‘Look Back’ At ‘This Moment In Economic History’ And Say ‘Tax Cuts Work’ (Think Progress)
In remarks to the U.S. Hispanic Chamber of Commerce today, President Bush continued his rosy rhetoric on the economy. He predicted that in the future, people will look back at today’s financial situation and say that “tax cuts work”.

Stocks swoon as dollar falls, gold jumps
NEW YORK - Stocks tumbled Thursday morning as investors recoiled following a further decline in the dollar, spikes in gold and oil prices and a warning that a Carlyle Group fund is near collapse. The major indexes each lost more than 1 percent; the Dow Jones industrial average at times fell more than 200 points.

Hedge funds on the brink as US Federal Reserve cash fails to ease crisis
Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating credit crisis with a $200 billion collateral lending facility.

Traders stop to watch Spitzer fall on his sword
NEW YORK (Reuters) - Trading desks across the United States stopped on Wednesday to watch the resignation speech of New York Gov. Eliot Spitzer, fascinated by the downfall of the man who built a career on investigating Wall Street crimes.