The meltdown of global financial markets slashed the ranks of the world's billionaires by 30 percent in 2008, Forbes magazine reports in its annual tally of the planet's richest people. ...more

March 14, 2009

It wasn't 1929, but like that infamous year, 2008 is sure to be remembered by economic historians as one unlike any other. ...more

January 1, 2009

News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more

October 9, 2008

WASHINGTON Deceased POWs Now Eligible For Purple Heart An estimated 17,000 deceased U.S. prisoners of war could be awarded Purple Hearts under a new Pentagon policy announced Monday. ...more

October 7, 2008

We knew it could happen, even though they said it wouldn't. The government is using our money again to haul private companies' hindquarters out of the fire - this time it's troubled mortgage giants Fannie Mae and Freddie Mac. ...more

July 16, 2008

World economic growth will slow significantly in 2008, but the United States, whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday. ...more

January 30, 2008

The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices. ...more

January 23, 2008

Homeowners struggling to deal with sharp increases in their adjustable mortgage payments got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified. ...more

September 7, 2007