Apple Inc. introduced a refreshed line of Macintosh desktop computers Tuesday that the company touted as more affordable, even though price tags for all but one model top $1,000. ...more

March 4, 2009

With the Senate expected to narrowly approve its version of an economic stimulus bill, lawmakers from the House and Senate will face difficult negotiations over spending for tax cuts, education and aid for local governments. ...more

February 8, 2009

Consumer spending fell for a record sixth straight month in December as recession-battered households, worried about surging layoffs, boosted savings rates to the highest level since May. ...more

February 3, 2009

As a conservative economist, I might be expected to oppose a stimulus plan. In fact, on The Washington Post op-ed page in October, I declared my support for a stimulus. But the fiscal package now before Congress needs to be thoroughly revised. In its current form, it does too little to raise national spending and employment. It would be better for the Senate to delay legislation for a month, or even two, if that's what it takes to produce a much better bill. ...more

February 1, 2009

Circuit City on Friday became the largest retailer to fall victim to the expanding financial crisis, announcing it will shut down its remaining 567 U.S. stores at the cost of 34,000 more jobs after failing to sell the business. ...more

January 17, 2009

"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years." ...more

January 12, 2009

Drugstore operator Walgreen Co. said Thursday it will cut 1,000 jobs by midyear, or about 9 percent of corporate management, through a combination of voluntary buyouts and layoffs. ...more

January 9, 2009

The International Consumer Electronics Show, the largest trade show in the United States, opens this week in Las Vegas with a full slate of giant TVs and inventive gadgets, despite the pall of a recession hanging over the industry. ...more

January 5, 2009

Soaring unemployment, rampant business closings and a crushing mortgage crisis have dampened any hopes of an economic turnaround in 2009. ...more

December 29, 2008

New claims for unemployment benefits rose more than expected last week, the government said Wednesday. ...more

December 25, 2008