Fed seeks to rescue insurer AIG with $85 billion loan

Tuesday, September 16, 2008 | 9:29 p.m. CDT; updated 11:14 p.m. CDT, Tuesday, September 16, 2008

WASHINGTON — In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer American International Group Inc.