Oil prices extend declines
09.01.09
Oil prices extended their declines Thursday as further signs of economic weakness signaled a slowdown in demand.
Bonds steady after new year's slide
09.01.09
Government bond prices reversed their new year's slide Thursday as investors weighed a flood of supply against a potentially sour unemployment report being released by the government on Friday.
Dollar continues posting losses
09.01.09
The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by half a percentage point to 1.5% Thursday, the lowest rate in the bank's 315-year history.
Treasury extends TARP application
09.01.09
The Treasury Department said Thursday it will give regulators two extra weeks to approve thrift and bank holding company applications and so effectively extend the time for some firms to seek rescue funds.
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Consumers borrow less than expected
09.01.09
Consumer borrowing decreased sharply in November as the weak economy continued to weigh on household budgets.
The case for doing nothing
09.01.09
Congress will soon debate what kind of economic stimulus package should be passed, but some economists are increasingly wondering whether it's a good idea to approve any stimulus at all.
Crisis and plan to fix it 'unprecedented'
09.01.09
President-elect Barack Obama took his campaign for an economic rescue plan to the public Thursday, calling on Congress to pass a bill in the next few weeks, warning that a failure to do so would have devastating long-term consequences for the nation.
Mortgage help gains momentum
09.01.09
There are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the middle class, expand use of renewable energy.
A formula for stimulus with staying power
09.01.09
As we count down to Barack Obama's inauguration, it's clear there is an urgent need for a stimulus program of unprecedented proportion. Unlike our sluggish policy response to the financial crisis, we need to act boldly to stave off what otherwise threatens to be a brutal recession.
Obama team plans bailout overhaul
09.01.09
President-elect Barack Obama's economic team is considering an overhaul of the $700 billion Wall Street bailout for the financial services industry, three transition aides told CNN.
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