New-home sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating the painful housing slump. ...more

September 28, 2007

The Canadian dollar reached parity with the U.S. dollar on Thursday for the first time since November 1976. ...more

September 21, 2007

In a bold strike, the Federal Reserve slashed a key interest rate by a half point Tuesday - the first cut in more than four years - and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession. ...more

September 18, 2007

For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession. ...more

September 17, 2007

Stocks advanced solidly Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional financing. ...more

September 14, 2007

Federal Reserve Chairman Ben Bernanke said Tuesday that heavy saving by oil producers and Asian nations has helped depress interest rates by keeping financial markets flush with cash. But he warned against banking on this effect - one that probably helped create the current financial crisis - for the long term. ...more

September 12, 2007

The first significant crack in the economy's foundation appeared when a government report last week showed employers cut jobs for the first time in four years. But what's going to happen next? ...more

September 11, 2007

For the first time in four years, employers have cut jobs, raising new fears that a deep housing slump and painful credit crunch could push the economy into a recession. ...more

September 8, 2007

A painful credit crunch is taking its worst toll on the ailing housing market, and its effect on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday. ...more

September 6, 2007

Is the long wait coming to an end for borrowers who would like to see interest rates go down? ...more

September 2, 2007