As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot toughe...

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...

WASHINGTON — House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworke...

WASHINGTON — The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting intere...

WASHINGTON — Sallie Mae, the embattled student lender, said Wednesday it lost $1.6 billion in the fourth quarter as borrowing costs rose and it ...

LONDON — European shares dropped sharply Wednesday while Asian shares rose in a volatile market mix as investors digested the U.S. Federal Reser...

United States banks on average borrowed $4.83 billion a day directly from the Federal Reserve in the week ended Dec. 26, up from $4.62 billion a day t...

MAXjet Airways ceased operations on Monday -- leaving jets on tarmacs and stranding passengers on Christmas Eve -- as the all-business class airline f...

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages...

Two years ago, when Eric Feichthaler was elected mayor of this palm-fringed, middle-class city, he figured on spending a lot of time at ribbon-cutting...

The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commer...

Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the...

The Federal Reserve unveiled a proposal Tuesday that would give people taking out home mortgages new protections against shady lending practices. The...

President Bush worked to reassure Americans on Monday about the economy but said "there's definitely some storm clouds and concern" because of the nat...

The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global econom...

Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day - or nearly $1 million a min...

The long-awaited, long-feared consumer crunch may finally be here. That might not mean an economywide recession, but the pain for American households ...

The past few months haven't been short of hair-raising moments in the stock market. From panic to jubilation, and then back to panic, it's hard to tel...