Savoring his first big victory in Congress, President Barack Obama on Saturday celebrated the newly passed $787 billion economic stimulus bill as a "major milestone on our road to recovery." ...more

February 15, 2009

Battered by layoffs, debts and dread of worse to come, shoppers clutched ever tighter to their wallets in the final three months of 2008 and thrust the economy into its worst downhill slide in a quarter-century. Americans cut spending on everything from cars to computers, and it's only getting worse so far in the new year. ...more

January 31, 2009

The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending. ...more

January 30, 2009

The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending. ...more

January 30, 2009

Even by the standards of battered automakers, Chrysler is in dire shape. ...more

January 8, 2009

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

December 25, 2008

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

Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday that it will cut 25 percent of its salaried work force starting next month and warned that it will make more restructuring announcements soon. ...more

October 25, 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

Five years after Toyota rolled out a hip, inexpensive and fuel-efficient brand called Scion, the Japanese automaker still sees it as a tool to attract young buyers. But slowing sales of Scion's eye-catching vehicles indicate they may be losing some cachet. ...more

September 13, 2008