President Bush says he doesn't have a magic wand, so he "can't just say, 'low gas.'" ...more

July 20, 2008

The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. ...more

May 6, 2008

Since the Federal Reserve last met in October, credit has become harder to obtain, Wall Street has convulsed again and the housing slump has intensified. And policymakers at the central bank now appear to have changed their minds about the need to drop interest rates again. ...more

December 10, 2007

Wall Street sold off sharply Monday as concerns about a weakening credit market wiped out investors' enthusiasm about strong retails sales during the holiday weekend. The Dow Jones industrial average fell nearly 240 points. ...more

November 27, 2007