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Credit card delinquencies and charge-offs rose in August as consumers struggled to pay off debt amid a slowing economy, according to Standard & Poor's. ...more
October 12, 2008
Wall Street turmoil left John McCain defending his support for privately investing Social Security money in the same markets that had tanked earlier in the week. ...more
September 20, 2008
Unemployment is at a five-year high. Financial firms that withstood the Great Depression are failing. Congress and a lame-duck president are gridlocked. So when John McCain declared that "the fundamentals of our economy are strong," it drew ridicule from Democrat Barack Obama. ...more
September 17, 2008
Retail sales delivered the weakest performance in five months in July as shoppers shunned autos while they paid more for gas. ...more
August 14, 2008
For many Americans, rising unemployment, higher gas and food prices, and the housing slump have felt like an economic downturn. Now the government's data are catching up. ...more
August 1, 2008
Despite remarkably quick passage, the government's economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious. ...more
February 10, 2008
With oil at the once unfathomable price of $100 a barrel, consumers can expect the cost of filling their gas tanks, heating their homes - in fact, the price of most everything - to also keep rising. ...more
January 3, 2008
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