Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money. ...more

December 28, 2008 |

The Federal Reserve cut its target for a key interest rate to the lowest level on record Tuesday and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. STORY, Page 13 ...more

December 17, 2008 |

The country's economic picture darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. ...more

December 4, 2008 |

The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package. ...more

December 2, 2008 |

Seldom has corporate strategy been turned on its head so quickly. Barely a year ago, cash was a dangerous thing to accumulate: activist investors stalked companies, urging boards to return it to investors, to pay special dividends or to buy back shares. ...more

November 29, 2008 |

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008 |

Can you name all three branches of the U.S. government? Do you know who Susan B. Anthony was? Do you know what rights the First Amendment guarantees? Most Americans don't. ...more

November 25, 2008 |

A swarm of dire economic reports on Wednesday pushed the Dow Jones industrials to a five-year low below 8,000 points. What happened? Consumer prices plunged by the largest amount in 61 years, housing starts fell to the lowest level on record and the Federal Reserve sharply lowered its projections for economic activity this year and next. ...more

November 20, 2008 |

A swarm of dire economic reports on Wednesday pushed the Dow Jones industrials to a five-year low below 8,000 points. What happened? Consumer prices plunged by the largest amount in 61 years, housing starts fell to the lowest level on record and the Federal Reserve sharply lowered its projections for economic activity this year and next. ...more

November 20, 2008 |

Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but also credit-card, auto-loan and other huge nonbank businesses. "The facts changed and the situation worsened," Treasury Secretary Henry Paulson said at a news briefing, explaining the administration's switch from its original plan to help financial institutions by buying up troubled assets, primarily securities backed by bad home loans. ...more

November 13, 2008 |