The Obama administration won its first major victory Thursday in its effort to overhaul the nation's financial system as a key House committee passed a bill to regulate exotic financial instruments...
More than 1.3 million Americans' unemployment insurance benefits will run out by the end of the year. These are the most unfortunate of America's 14.5 million jobless: the ones whose benefits are d...
Pushing past years of ''red flags,'' investigators at the Securities and Exchange Commission bungled their probes of Bernard Madoff so badly that his multibillion-dollar fraud not only flourished b...
Low-wage workers are routinely denied proper overtime pay and are often paid less than the minimum wage, according to a new study based on a survey of workers in New York, Los Angeles and Chicago. ...
For 2009, 88 per cent of city finance officers said their cities were less able to meet fiscal needs than in 2008, amid declining house values, restrictive credit markets, slowed consumer spending ...
The U.S. trade deficit widened slightly in June as imports to the world's biggest economy increased, according to figures from the Commerce Department. The deficit — the difference between the amou...
The World Trade Organization gave the United States a victory on in its trade battle with China, ruling that Beijing had violated international rules by limiting imports of books, songs and movies....
Frank DiPascali, a senior lieutenant to Bernard Madoff, pleaded guilty to 10 criminal charges and provided extensive new details about the $65 billion Ponzi scheme orchestrated by his long-time bos...
As states across the country grapple with the worst economy in decades, most have cut services, forced workers to take unpaid days off, shut offices several days a month and scrambled to find new s...
Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home. Even those with limited or no knowledge of Chin...
Nearly half the nation's mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new report. A Deutsche Bank analysis of the battered housing and mortgag...
The recession has been marked by epic job losses, and even optimists think the unemployment rate will continue rising toward 10 percent or more this year and remain elevated in 2010 and beyond. The...
In this recession-racked town, the lack of food is a serious problem. It's a theme that comes up again and again in conversations in Detroit. There isn't a single major chain supermarket in the cit...
For months, issuers have raised credit card rates and fees at a dizzying pace. Now, a growing number are starting to tack on new card fees for inactivity or purchases made outside the U.S. In June,...
Personal income took its steepest dive in four years in June, according to government data released, digging an even deeper hole for people beset by rising unemployment even as other parts of the e...
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