NEW YORK - Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. ...more

June 29, 2008

Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, and that can lead to lower credit scores. ...more

June 28, 2008

It was April 2007, and two Bear Stearns hedge funs run by Ralph Cioffi and Matthew Tannin were piling up losses in the subprime mortgage market. The men were panicking over an internal report showing their funds were tanking. ...more

June 20, 2008

Countrywide Financial Corp. said Friday that home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments. ...more

February 16, 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

Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy - or prepare for huge losses down the road. ...more

February 15, 2008

If recessions could have a sound, it would be the slam of lending windows shutting at banks. No wonder: When businesses and consumers have trouble borrowing money, economic growth may grind to a halt. ...more

January 30, 2008

Hillsborough County pulled $167 million out of the State Board of Administration local government fund Friday amid continued concerns about the fund's investments in the subprime mortgage market. ...more

January 19, 2008

The CEO of Fannie Mae, the largest financer and guarantor of U.S. home loans, predicted Tuesday that the housing market downturn is likely to persist into 2010. ...more

January 9, 2008

Treasury Secretary Henry Paulson said Tuesday the Bush administration is exploring what would be a significant expansion of the program to help at-risk mortgage holders. ...more

January 9, 2008