President Bush and Congress are clashing over how to address the housing crisis, clouding the prospects of an election-year rescue package. ...more

May 8, 2008

Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton. The Seattle-based lender failed to prove that it owned Lents' mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork. ...more

February 22, 2008

Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy Thursday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis. ...more

February 15, 2008

The world's top economies on Saturday promised coordinated action to restore confidence in global markets as financial turmoil slows U.S. growth, but with each country having different priorities, they didn't offer a specific remedy. ...more

February 10, 2008

President Bush's chief negotiator on an economic aid deal said Sunday that the Senate should quickly get behind a plan or risk drawing the resentment of a frustrated public. ...more

January 28, 2008

If you get a pay envelope, Uncle Sam's about to put a little something extra in it. Then he wants you to go out and spend, spend, spend. ...more

January 25, 2008

The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices. ...more

January 23, 2008

In trying to assemble a bipartisan package to jolt the slumping economy, the White House and Congress have turned to familiar tools that experts say have worked in the past. But there is also a lively debate among economists about which measures will best accomplish the goal. ...more

January 19, 2008

Is an extra $800 in your pocket enough to change the course of the ailing economy? ...more

January 19, 2008

Treasury Secretary Henry Paulson said Tuesday the Bush administration is exploring what would be a significant expansion of the program to help at-risk mortgage holders. ...more

January 9, 2008