The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package. ...more

December 2, 2008

Seldom has corporate strategy been turned on its head so quickly. Barely a year ago, cash was a dangerous thing to accumulate: activist investors stalked companies, urging boards to return it to investors, to pay special dividends or to buy back shares. ...more

November 29, 2008

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008

Can you name all three branches of the U.S. government? Do you know who Susan B. Anthony was? Do you know what rights the First Amendment guarantees? Most Americans don't. ...more

November 25, 2008

A swarm of dire economic reports on Wednesday pushed the Dow Jones industrials to a five-year low below 8,000 points. What happened? Consumer prices plunged by the largest amount in 61 years, housing starts fell to the lowest level on record and the Federal Reserve sharply lowered its projections for economic activity this year and next. ...more

November 20, 2008

A swarm of dire economic reports on Wednesday pushed the Dow Jones industrials to a five-year low below 8,000 points. What happened? Consumer prices plunged by the largest amount in 61 years, housing starts fell to the lowest level on record and the Federal Reserve sharply lowered its projections for economic activity this year and next. ...more

November 20, 2008

Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but also credit-card, auto-loan and other huge nonbank businesses. "The facts changed and the situation worsened," Treasury Secretary Henry Paulson said at a news briefing, explaining the administration's switch from its original plan to help financial institutions by buying up troubled assets, primarily securities backed by bad home loans. ...more

November 13, 2008

It's a $150 billion gamble. That's the size of the newly enlarged financial lifeline the U.S. government threw tottering insurance giant American International Group on Monday, expanding an aid package that's gradually grown since it began as an $85 billion loan in September. ...more

November 11, 2008

Port of Tampa director Richard Wainio has been appointed to the Federal Reserve Bank of Atlanta's advisory council on trade and transportation, which serves as the bank's source for global trade trends. ...more

November 10, 2008

Consumers boosted their borrowing in September, defying expectations for a cutback. ...more

November 8, 2008