Many states face constitutionally mandated deadlines to balance their budgets this week, marking the end of the second quarter. For the 38 states facing fiscal deficits, achieving balanced budgets ...
The governor of California has declared a fiscal emergency in the US state to address a budget deficit of some $24.3 billion. Governor Arnold Schwarzenegger also ordered many state offices to close...
An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial management firm, but she was told to focus on an...
Even now, after all those bailouts, banks never seem to tire of dipping a little deeper into your wallet. Despite the tough economic times and increased scrutiny from Washington, they are keeping m...
Employers kept slashing jobs at a furious pace in June as the unemployment rate edged ever closer to double-digit levels, undermining signs of progress in the economy, and making clear that the job...
Unemployment rates rose in all the largest U.S. metropolitan areas for the fifth straight month in May. The Labor Department said that jobless rates in May rose from a year earlier in all 372 metro...
Mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30%, data from an industry group showed. The drop does not bode well for the hard-hit U.S. ...
U.S. companies cut nearly a half million jobs last month as the recession continued to cut into the labor market in spite of other recent signs of hope in the economy. Private companies cut 473,000...
Despite his claims of contrition, Bernard L. Madoff was sentenced yesterday to 150 years in prison for a crime a federal judge called an act of “extraordinary evil.’’ The lengthy sentence — ensurin...
Chinese manufacturers made more than half of the goods that the U.S. Consumer Product Safety Commission recalled last year, but few of them paid any price for producing defective wares. The difficu...
Home prices fell again in April, but at a slower rate, suggesting some parts of the housing market could be stabilizing, according to the Standard & Poor's/Case-Shiller Home Price Index released to...
The United Steelworkers appaluded today's vote by the ITC in favor of remedies to address a surge of Chinese tire imports.
The lengthy recession has proved discouraging for the swelling ranks of unemployed Americans, and forced U.S. states obligated to pay them jobless benefits to pile debt on their already strained bu...
More than one-third of assets in the nation's seven largest rail transit agencies, including the Washington Metropolitan Area Transit Authority (WMATA), are in marginal or poor condition, according...
Personal income jumped more than expected, helped by an increase in unemployment benefit payments and lower taxes, while consumer spending edged higher, the government said. The Commerce Department...
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