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US Economy

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 ...

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...

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...

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....

Let's Worry About The Economy Like It's 1992

New York Times | David Leonhardt | Posted 05.25.2011 | Business

In April 1992, having just dispatched his rivals for the Democratic nomination, Bill Clinton went to the Wharton School at the University of Pennsylva...

Obama Unveils $120 Billion Stimulus Plan

Associated Press | Ryan Nakashima | Posted 05.25.2011 | Politics

Democrat Barack Obama on Sunday unveiled an economic stimulus package costing up to $120 billion that his campaign said would put money in the hands o...

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...

Economics Trump Opinion Polls For Predicting Presidency

Portfolio | John Cassidy | Posted 05.25.2011 | Business

In January 1980, I was a gangly teenager with a disturbing gambling habit. Stopping off at a betting shop one day in my hometown of Leeds, in northern...

Goldman Sachs Sees Recession In 2008

Reuters | Posted 05.25.2011 | Business

Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending...

Merrill: U.S. Recession Has Begun

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

Merrill Lynch economist David Rosenberg says the US economy has entered the first full-blown recession in 16 years. The Telegraph: "According to ...

Recession Worries Could Ignite Over Weak Jobs Report

CNBC | Antonia Oprita | Posted 05.25.2011 | Business

The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S...

Consumer Spending Sees Biggest Gain In 2 Years

Washington Post | Neil Irwin | Posted 05.25.2011 | Business

The housing market is tanking, the credit markets are in crisis, and economists fear that a recession could be on the way -- but in November at least,...

Greenspan Explains It All: How The Credit Crisis Happened

Wall Street Journal | Alan Greenspan | Posted 05.25.2011 | Business

On Aug. 9, 2007, and the days immediately following, financial markets in much of the world seized up. Virtually overnight the seemingly insatiable de...

US Trade Gap Widens In October To $57.8 Billion

Reuters Via CNBC | Posted 05.25.2011 | Business

The U.S. trade deficit widened slightly more than expected in October, as a record high price for imported oil over-powered the export-spurring benefi...

Economy Is Top Issue For '08 Voters

Wall Street Journal | JACKIE CALMES and MICHAEL M. PHILLIPS | Posted 05.25.2011 | Business

With the parties just weeks away from the first presidential nominating contests, economic concerns are seizing a top spot in many voters' minds. Fall...

Credit Flow To US Companies Decreasing At Fastest Pace In Decades

New York Times | PETER S. GOODMAN | Posted 05.25.2011 | Politics

Credit flowing to American companies is drying up at a pace not seen in decades, threatening the creation of jobs and the expansion of businesses, whi...

Weak Dollar Bringing Droves Of European Shoppers To US Stores

Boston Globe | Jenn Abelson | Posted 05.25.2011 | Business

Hours after her flight from Dublin landed in Boston on Thanksgiving, Alice Kinsella headed in a white van with a dozen relatives and friends to Wrenth...

FEMA Alert: Black Friday

236.com | Posted 05.25.2011 | Business

The day after Thanksgiving is the holiday season's so-called "Black Friday," the day when shoppers across the country steel themselves for a flood of ...