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Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said. ...more
June 4, 2008
Not since George H.W. Bush ran the White House have consumers felt so downbeat about the economy. And the catalyst for much of the gloom - the housing slump - shows no signs of abating, new data Tuesday showed. ...more
May 28, 2008
TAMPA - Shares of homebuilder WCI Communities Inc. fell 28 cents by midday today as investors weighed analysts' reports hinting at bankruptcy. ...more
May 9, 2008
The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week. ...more
May 9, 2008
Pending home sales dropped to a new low in March, an industry group said Wednesday, signaling the housing slump has yet to bottom out even as the spring sell season gets under way. ...more
May 8, 2008
The worst of the credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, while acknowledging that rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now. ...more
May 8, 2008
The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation. ...more
February 21, 2008
Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy Thursday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis. ...more
February 15, 2008
LAND O' LAKES - Work has begun on Sunlake Boulevard, a long-planned major north-south roadway between U.S. 41 and the Suncoast Parkway. ...more
February 15, 2008
President Bush, acknowledging that the country is suffering through a period of economic uncertainty, on Monday called on Congress to do more to help people and businesses hurt by the housing slump and credit crunch. ...more
February 12, 2008
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