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President Donald Trump speaks during a coronavirus task force briefing at the White House, Sunday, March 22, 2020, in Washington. (AP Photo/Patrick Semansky)

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Fallout of '08 bailout looms over Washington negotiations
March 23, 2020 6:42 a.m.

Fallout of '08 bailout looms over Washington negotiations

WASHINGTON (AP) — In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse. They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both parties to this day.