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US Economy

Greenspan: US "Clearly On The Edge" Of Recession

Reuters | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession. Greenspan said the economy ...

Tax Rebate Stimulus Boost Will Wear Off

MarketWatch | Rex Nutting | Posted 05.25.2011 | Business

There's a lot of skepticism in the country about how effective the $168 billion fiscal stimulus package will be, but economists who've crunched the nu...

Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

Think Progress | Posted 05.25.2011 | Business

The U.S. economy is faltering. Family debt is on the rise, benefits are disappearing, the deficit is skyrocketing, and the mortgage crisis has worsene...

Will Bernanke Send Wall Street A Valentine?

CNBC | Albert Bozzo | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance be...

Doubts Being Raised About Effectiveness Of Economic Stimulus Package

Financial Times | Jeremy Grant | Posted 05.25.2011 | Business

Only 11 days after the White House and House of Representatives agreed a $150bn (€100bn, £76bn) economic stimulus package for the US economy, a Sen...

Who Benefits From The Subprime Crisis?

New York Times | Stephen J. Dubner | Posted 05.25.2011 | Business

The parties who are suffering from the subprime crisis are vast and varied, as well as in the newspapers every day. One reason the crisis has gotten s...

Recession's One Benefit: Gas Prices May Drop

Reuters | Timothy Gardner | Posted 05.25.2011 | Business

U.S. drivers could enjoy a drop of up to 50 cents per gallon in gasoline prices by this spring as high fuel prices and the threat of a recession force...

U.S. Economy Sheds 17,000 Jobs

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

The economy lost 17,000 jobs in January, the Labor Department reported on Friday, the first decline in four years and the most striking evidence yet t...

Why Job Market Is Even Worse Than You Think

CNNMoney | Chris Isidore | Posted 05.25.2011 | Business

A government report on January jobs showing that employers trimmed payrolls for the first time in four years set off alarm bells. But the report, whi...

Economy Tops Voters' Minds Going Into Super Tuesday

MarketWatch | Robert Schroeder | Posted 05.25.2011 | Business

Worries about the economy are topping Americans' minds as the Republican and Democratic presidential nominees head into crucial primaries or caucuses ...

Buffett: US Banking Woes Are "Poetic Justice"

Reuters | Wojtek Dabrowski | Posted 05.25.2011 | Business

The woes in the U.S. financial sector are "poetic justice" for bankers who designed and sold complex investments that have since gone sour, billionair...

Recession Fears: Worry Like It's 1989

New York | Michael Idov | Posted 05.25.2011 | Business

The news keeps coming, each item worse than the one before. New-home sales fall 26 percent nationwide; the U.S. economy loses 17,000 jobs in January; ...

Jason Linkins

McCain's Memory Gets Shaky (On His Own Embarrassing Comments)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Tonight's debate led off with a host of questions on the economy, including this salvo from Tim Russert: RUSSERT: National security and the war in Ir...

Recession Watch: Is Your Job Safe?

ABC News | SCOTT MAYEROWITZ | Posted 05.25.2011 | Business

With bad news coming out of Wall Street almost daily and the U.S. economy teetering toward a recession, should Americans also be worried about losing ...

Google Is "Immune" To Advertising Cycles

Financial Times | Andrew Edgecliffe-Johnson | Posted 05.25.2011 | Business

The growth in online advertising should not be derailed by any downward move in the US economy, Google executives said yesterday, as they expressed co...

Message From Davos: The Recession Is Coming

Times | Gary Duncan | Posted 05.25.2011 | Business

A full-blown, prolonged recession in America is now inescapable, with the rest of the world set to be dragged into a severe global slowdown despite ye...

Recession Fears Dominate Davos

Reuters | Adam Plowright | Posted 05.25.2011 | Business

The annual Davos gathering of the world's political and business elite opened Wednesday, dominated by the deep cut in US interest rates aimed at preve...

Foreigners Buying Stakes In The US At A Record Pace

New York Times | PETER S. GOODMAN and LOUISE STORY | Posted 05.25.2011 | Business

Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich....

Economists Fear No Quick Solution In Sight

Reuters | Emily Kaiser | Posted 05.25.2011 | Business

There is no quick cure for what ails the U.S. and global economies, but if the Federal Reserve's emergency interest rate cut on Tuesday can instill so...

Senator Uses Barnyard Examples To Explain Credit Crunch

ABC News | Z. Byron Wolf | Posted 05.25.2011 | Business

With overseas markets tumbling and the U.S. economy in the midst of a downturn, possibly headed into a recession, wading through the econ jargon on Ca...

Tips On How To Stop The Downfall

New York Times | Joseph E. Stiglitz | Posted 05.25.2011 | Business

America's economy is headed for a major slowdown. Whether there is a recession (two quarters of negative growth) is less important than the fact that ...

Troubled Bond Insurers Could Become Source Of Next Financial Crisis

New York Times | VIKAS BAJAJ and JENNY ANDERSON | Posted 05.25.2011 | Business

Even as stocks ended five days of losses with a surprising recovery on Wednesday, officials began moving to defuse another potential time bomb in the ...

Why The European Central Bank Is Sitting Back

New York Times | JULIA WERDIGIER | Posted 05.25.2011 | Business

Monetary policy usually takes some time to bite. That is one explanation for the American stock market's continued gyrations on Tuesday after the Fede...

Layoffs On The Rise: Are You Prepared?

Fox Business | Kathryn Tuggle | Posted 05.25.2011 | Business

Here's another scary word (besides the evil "R" word) that has been showing up in the news headlines lately: layoffs. Should you be worried? "This is...

The Economy Sucks. But Is It '92 Redux?

Newsweek | Daniel Gross | Posted 05.25.2011 | Business

Clinton makes a gritty, unexpected comeback in New Hampshire. The contentious primaries pivot from a war in Iraq to economics. Business people fret ab...