WASHINGTON — Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday...
Newsweek | Daniel Gross | Posted 07.20.2008 | Business
On Tuesday and Wednesday, Federal reserve chairman Ben Bernanke, a scholar of the epic financial meltdown of the Great Depression, and Treasury Secret...
MSNBC | Ovetta Wiggins | Posted 07.20.2008 | Business
Following the advice of their pastor, the men and women shuffled to the altar, cut up their credit cards and placed them near his feet. "If we want t...
AP | MADLEN READ | Posted 07.18.2008 | Business
NEW YORK — Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion se...
Washington Post | Paul Kane | Posted 07.18.2008 | Business
Senate Democrats plan to unveil a second fiscal stimulus plan next week, this one worth at least $50 billion, arguing that soaring energy prices and t...
AP | JOE BEL BRUNO | Posted 07.17.2008 | Business
NEW YORK — Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straigh...
James Berman | Posted 07.17.2008 | Business
It makes more sense to invest for the probability that the world will outlive this collapse -- as surely as it did all others in history -- instead of for the remote possibility that the apocalypse is finally upon us.
Scott Sinclair | Posted 07.14.2008 | Business
In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.
New York Times | STEPHEN LABATON and STEVEN R. WEISMAN | Posted 07.10.2008 | Business
Alarmed by the growing financial stress at the nation's two largest mortgage finance companies, senior Bush administration officials are considering a...
Washington Post | Neil Irwin | Posted 07.10.2008 | Home
The nation's top economic policymakers took their campaign to rework financial regulation to Capitol Hill yesterday, urging Congress to make major cha...
Reuters | Jennifer Ablan | Posted 06.30.2008 | Business
The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3 trillion in wealth from global stock market...
AP | JEANNINE AVERSA | Posted 06.09.2008 | Living
WASHINGTON — The stress from deepening debt is becoming a major pain in the neck _ and the back and the head and the stomach _ for millions of A...
Henry Blodget | Posted 04.22.2008 | Business
Take the job after an economic downturn, announce "new era" for Your Bank, have PR people place a Fortune cover story about you, and sit in your chair for three years and collect at least $50 million.
Martha Burk | Posted 04.18.2008 | Politics
It is ironic that the Pennsylvania primary is being held on Equal Pay Day. That's the day in April every year when women's earnings finally catch up with what men made by December 31 of the previous year.
Joan Z. Shore | Posted 04.16.2008 | Politics
It's an historic truth that most great empires ended not through foreign invasion and conquest but through implosion: they grew bloated, divisive, ineffectual, corrupt, and they planted the seed of their own destruction.
New York Times | MICHAEL BARBARO | Posted 04.14.2008 | Business
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of...
Boston Globe | Posted 04.13.2008 | Business
Credit Suisse could announce further writedowns of up to 5 billion Swiss francs ($4.99 billion) when it posts its first-quarter results later this mon...
Hale "Bonddad" Stewart | Posted 04.12.2008 | Politics
I have been against the Iraq war from the very beginning. However, my arguments didn't rest on the lofty perches of ethics or morals; they rested on the far cruder cost benefit analysis of war.
Wall Street Journal | Greg Ip | Posted 04.08.2008 | Business
Alan Greenspan's reputation is under siege, and he's incredulous. Hailed three years ago as "the greatest central banker who ever lived," the retired...
AP | JEANNINE AVERSA | Posted 04.03.2008 | Business
WASHINGTON — The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh ...
Hale "Bonddad" Stewart | Posted 04.03.2008 | Business
Putting all of the factors together we get a very disturbing picture. The amount of short-term credit is decreasing and the cost of making these loans is increasing.
AP | JEANNINE AVERSA | Posted 04.02.2008 | Business
WASHINGTON — For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches...
Robert L. Borosage | Posted 04.01.2008 | Politics
In back to back speeches last week, McCain and Obama laid out their remedies. The contrast could not be more stark. Obama prescribed a withdrawal program. McCain suggested slipping the risk addicts more drugs.
Reuters | Dan Wilchins | Posted 03.31.2008 | Business
Lehman Brothers Holdings Inc (LEH.N), an investment bank beset by rumors of not having enough funding, said it plans to raise $3 billion of capital to...
New York Times | MICHAEL M. GRYNBAUM | Posted 03.31.2008 | Business
The NYT reports: The Bush administration on Monday rolled out the broadest overhaul of Wall Street regulation since the Great Depression, presenting...
The McCain campaign implied on Wednesday that Barack Obama's commitment...
***UPDATED BELOW*** During a CBS interview on Tuesday, John McCain made...
Before the largest crowd of his campaign, Democratic presidential contender Barack...
John McCain made a mistake this evening, which as far as...
There is one more John McCain gaffe that...
As we have observed throughout the last several years,...
When Katie Couric told Haaretz that "The glory days of TV news...
**UPDATE 7/25** ThinkProgress now reports that the bar...
BARCELONA, Spain — Christian Bale swept into Barcelona on Wednesday night to attend a...
If you're wondering about the recent articles claiming that a study found...
HOUSTON — A "dead zone" in the Gulf of Mexico off...
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at...
AP | ALAN ZIBEL | Posted 07.24.2008 | Business