Senate Republicans circulated a sweeping plan to drive down the cost of mortgages by expanding the federal government's role in the industry, officials said Monday night as debate opened on an economic stimulus bill at the top of President Barack Obama's agenda. ...more

February 2, 2009

If you felt financially squeezed in the last few months of 2008, you weren't the only one. On Friday, the Commerce Department announced that the economy shrank at a 3.8 percent pace in the final quarter, the worst showing in a quarter-century. ...more

January 31, 2009

The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending. ...more

January 30, 2009

The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending. ...more

January 30, 2009

Bargain hunters may be snatching up distressed existing homes, but they still seem skittish of new homes, according to a report released Thursday from the U.S. Commerce Department. ...more

January 30, 2009

The defeat is a setback for the Obama administration and Democrats on Capitol Hill, who fear too many Americans are not ready for the switchover. ...more

January 28, 2009

The weakening economy hit area builders extra hard at the end of 2008, when new home starts hit a record low. ...more

January 23, 2009

New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more

January 22, 2009

Bankruptcies Soar U.S. consumer bankruptcy filings jumped nearly 33 percent in 2008 amid a recession that's expected to keep filings rising into the new year. Overall, consumer filings reached 1,064,927 last year, up from 801,840 in 2007, according to data collected by the National Bankruptcy Research Center and published by the American Bankruptcy Institute, an Alexandria, Va.-based research group. ...more

January 6, 2009

At least one thing is becoming clear about the digital TV transition just a month away. ...more

January 6, 2009