The economy will log little, if any, growth this year, and could jolt into reverse, according to various Fed projections. And, the frailty will extend into next year, the Fed said, where the econom...
With weekly jobless claims benefits at a 16-year high, the White House said that President George W. Bush would quickly sign legislation pending in Congress to provide further unemployment benefits...
The government says new claims for unemployment benefits jumped last week to a 16-year high, providing more evidence of a rapidly weakening labor market. The Labor Department says new applications ...
A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president. Caught in the mi...
U.S. housing starts and permits for future construction both dropped to record lows in October, signs the housing downturn may extend into a fourth year. Construction starts on housing fell 4.5 per...
A group of business executives on Tuesday urged President-elect Barack Obama to "quickly implement" a large stimulus package soon after taking office. The stimulus should be in the range of $500 bi...
The Bush administration has not ruled out using money from a $700bn bail-out fund to back home loan modifications, Hank Paulson said. The U.S. Treasury secretary came under intense pressure from De...
In another sign that the struggling economy continues to slow, consumer prices tumbled by a record amount in October, carried lower by skidding energy and transportation prices. The Consumer Price ...
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke told lawmakers that the $700 billion bailout program was making progress despite increasing criticism of it in recent week...
The Treasury Department said Monday that it has dispersed $33.56 billion to 21 banks in a second round of payments as part of the $700 billion bailout program designed to boost the nation's banking...
Treasury Secretary Henry Paulson has told Congress the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund to provide the Big Three automakers...
A measure to speed $25 billion in emergency aid to the nation's automakers will include provisions designed to protect taxpayers, congressional Democrats said, including a ban on bonuses for employ...
A majority of states — many with budgets already full of deep cuts and dependent on raiding rainy-day funds or tax increases — are scrambling to find ways to get through the rest of the year withou...
The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The ...
With Congress returning to deal with an auto industry in dire financial straits, the Bush White House stressed that it supports help, but not at the expense of the $700 billion Wall Street rescue p...
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