Oil rises $6 on bailout optimism (Reuters)
Reuters - Oil rose $6 per barrel on Tuesday to over $102 as expectations U.S. lawmakers would pass a financial stability plan boosted global markets.
Wall Street rallies on bailout revival hopes (Reuters)
Reuters - Wall Street roared back on Tuesday, a day after its worst sell-off in 21 years as investors bet Washington would revive a plan to stabilize the U.S. financial sector following its surprising defeat on Monday on Capitol Hill.
Big rally helps Wall Street recoup part of record plunge (AFP)
AFP - A powerful rally Tuesday helped Wall Street recoup some losses from Monday's rout, amid renewed hope for US passage of a financial rescue package.
Fed’s Lockhart: Credit crisis threatens economy (Reuters)
Reuters - Stressed financial markets risk doing severe damage to the broader economy, Atlanta Federal Reserve President Dennis Lockhart said on Tuesday.
Main Street America angry over credit crisis (Reuters)
Reuters - Auto salesman Ryan Thomas is watching the credit crisis hit Main Street America. On Monday, as Congress rejected a bailout plan and stock markets plummeted, Thomas had to turn away a customer with $3,000 in his hand who wanted to buy a new vehicle.
