As the longest recession in a quarter century intensifies, analysts think the small decline in economic activity in the third quarter has worsened significantly in the current fourth quarter. ...more

December 24, 2008

After consulting with economists from across the political spectrum, President-elect Barack Obama's advisers are contemplating an economic recovery plan that could cost as much as $1 trillion over two years. ...more

December 18, 2008

Every year lexicographers publish their annual list of of popular words or phrases they would like to see expunged from our lexicon. I have to admit "connect the dots" is getting a little wearisome for me. ...more

December 13, 2008

Consumers cut back on spending at retail stores for a record fifth straight month in November, another sign the recession that is already the longest in a quarter-century will translate into a dismal holiday shopping season. ...more

December 13, 2008

Pending U.S. home sales fell slightly in October, despite a spate of bad economic news and turmoil in the stock markets, the National Association of Realtors reported Tuesday. ...more

December 10, 2008

WASHINGTON (AP) - An alarming half-million American jobs vanished virtually in a flash last month, the worst mass layoffs in over a third of a century, as economic carnage spread ever faster and the U.S. hurtled toward what could be the hardest hard times since the Great Depression. ...more

December 7, 2008

As the number of unemployed consumers climbs, Wall Street analysts say restaurant sales, profits and stock prices are likely to drop, leading to even more layoffs in the restaurant industry. ...more

December 6, 2008

The country's economic picture darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. ...more

December 4, 2008

President Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession. ...more

December 1, 2008

Friday was not the start of the holiday shopping season. ...more

November 29, 2008