Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.
The Federal Reserve has unveiled its own quantitative easing plan in a bid to kick-start the US credit markets.
Former Federal Reserve chairman Alan Greenspan has admitted an era of laid-back regulation contributed to the recent "once-in-a century credit tsunami".
The Federal Reserve last night announced an $85bn rescue package for ailing AIG to prevent the insurer becoming the latest and largest casualty of the credit crunch.
The US Federal Reserve has extended its credit facility for investment banks struggling with liquidity until the end of January 2009.
US President George W Bush predicts the ailing US economy will emerge from its current challenges stronger than ever.
The US Government and Federal Reserve last night announced measures to shore up ailing lenders Fannie Mae and Freddie Mac.
The Federal Reserve has voted nine to one to hold key US interest rates at 2%.
US Treasury Secretary Henry M Paulson has called on the Federal Reserve to be given more powers to extend its "last resort" facility to aid ailing financial institutions.
Fears the US economy has entered a substantial downturn have eased over recent months, Federal Reserve chairman Ben Bernanke claims.