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School, county and city officials rushed to assure their employees that they will be able to cover payroll checks despite a freeze on a state-run investment pool fund. ...more
January 4, 2008
The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years. ...more
December 29, 2007
After many redevelopment and construction projects were set to revive New Port Richey this past year, some highly anticipated projects found it hard to get off the ground. ...more
December 29, 2007
Just weeks ago, the holiday shopping season seemed headed for disaster. But in the waning hours before Christmas, the nation's retailers got their wish - a last-minute surge of shopping that helped meet their modest sales goals, according to data released late Monday by research firm ShopperTrak RCT Corp. ...more
December 25, 2007
Retail sales exceeded forecasts in November, and wholesale prices jumped the most in 34 years, diminishing both the need and scope for the Federal Reserve to make deeper interest-rate cuts. ...more
December 14, 2007
The cost of property insurance for businesses has fallen by 30 percent in some cases, but the state still has much work to do to solve its insurance problems, state Chief Financial Officer Alex Sink said Thursday. ...more
December 13, 2007
U.S. economic growth will slow to 1 percent in the fourth quarter as consumer spending cools and the housing slump enters its third year, a survey showed. ...more
December 12, 2007
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
Homeowners started losing hold of their homes years before spiking foreclosures and the housing slump slammed the economy. ...more
December 6, 2007
The deteriorating housing market forced the White House to lower its projection for economic growth next year and raise its forecast for unemployment. Inflation is expected to moderate. ...more
November 30, 2007
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