The head of a new congressional panel set up to monitor the gigantic U.S. government bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, des...
A closely watched index of the nation's manufacturing activity fell to a 26-year low in November and stands at a level indicating overall economic contraction for the second straight month. The Ins...
When President-elect Barack Obama arrives at Philadelphia's Independence Hall to meet with the nation's governors, the main question will be not whether he will deliver fast fiscal relief to the st...
The economy's yearlong downturn, officially declared a recession Monday, could last well into next year or even beyond, challenging the government to devise new responses as traditional methods sho...
It's official: The United States is in a recession — and it started a year ago. The nation's economy peaked, and the recession began, in December 2007, the National Bureau of Economic Research anno...
U.S. House of Representatives Speaker Nancy Pelosi met leading governors to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 b...
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now f...
The National Automobile Dealers Association predicts that roughly 900 of the nation’s 20,770 new-car dealers will go out of business this year, and automobile analysts say the number of failed deal...
Just last week, new initiatives added $600 billion to lower mortgage rates, $200 billion to stimulate consumer loans and nearly $300 billion to steady Citigroup, the banking conglomerate. That push...
The U.S. holiday shopping season got off to an encouraging start, with sales on the day after Thanksgiving up 3 $156 from last year. Data from ShopperTrak showed sales rose to $10.6 billion, althou...
Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, c...
The Obama administration will inherit a Food and Drug Administration widely seen as struggling to protect Americans from unsafe medication, contaminated food and a flood of questionable imports fro...
The Federal Deposit Insurance Corp. said the list of banks it considers to be in trouble shot up nearly 50% to 171 during the third quarter — yet another sign of escalating troubles among the insti...
More Americans will stay close to home during the holiday season because of financial woes instead of traveling to see family, marking the first decline in Thanksgiving travel since 2002, a motoris...
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