AP - Stocks rebounded Tuesday after the previous session's steep tumble, as a drop in oil prices and a rise in consumer confidence gave investors hope for a possible letup in Americans' financial woes. The Dow Jones industrial average rose about 190 points.

Reuters - U.S. Treasury Secretary Henry Paulson and Democratic presidential candidate Barack Obama agreed on Tuesday that Washington must restore confidence in mortgage finance giants Fannie Mae and Freddie Mac, Obama's spokesman said.

Reuters - The Treasury and the nation's four biggest banks on Monday said they will kick-start a market for an investment product to support home financing in the latest effort to spur a slumping housing market.

AFP - The Treasury and major US banks endorsed plans Monday to help pump additional liquidity into the strained housing market by issuing "covered bonds," or flexible mortgage-backed securities.

AP - The Bush administration and federal banking regulators joined with the nation's four largest banks Monday to endorse a new way to pump money into the battered U.S. mortgage market.

Reuters - Merrill Lynch & Co said on Monday it will take a $5.7 billion third-quarter write- down as it unloads huge amounts of risky debt, and raise $8.5 billion by selling new stock.

AFP - Wall Street titan Merrill Lynch announced it was dumping billions of dollars of mortgage debt at a steep loss and raising 8.5 billion in new capital, as the US housing crisis continued to devastate the country's banking sector.

Reuters - U.S. Treasury Secretary Henry Paulson said the nation's four biggest banks were ready to kick-start a market for covered bonds that could help significantly expand home mortgage financing.

AFP - The Treasury and four large US banks endorsed plans Monday for "covered bonds," flexible mortgage-backed securities to help pump additional liquidity into the strained housing market.

Reuters - World stocks slipped on Monday as some disappointing earnings in Europe and a survey showing German consumer morale at a 5-year low followed a warning that the United States' major mortgage lenders could lose their top credit rating.

Reuters - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to mortgage titans Fannie Mae and Freddie Mac, and setting up a $300-billion fund to help hundreds of thousands of troubled homeowners.

AFP - The US Senate on Saturday approved an elaborate housing rescue plan designed to help thousands of homeowners avert foreclosure and bolster mortgage finance giants that have struggled amid a volatile housing market.

Reuters - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac , creating a new regulator for the mortgage titans and setting up a $300 billion fund to help troubled homeowners.