The economy shrank at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century, and probably isn't doing much better now. ...more

March 26, 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

A staggering 2.6 million jobs disappeared in 2008, the most since World War II, and the pain is only getting worse with 11 million Americans out of work and searching. Unemployment hit a 16-year high of 7.2 percent in December and could be headed for 10 percent or even higher by year's end. ...more

January 10, 2009

Shoppers are getting used to those 75 percent off sale signs, and that's bad news for merchants who worry they will also have to quickly slash prices on spring goods to attract customers. ...more

January 7, 2009

Maryland lawyer Dana Moylan Wright was trapped in a vicious cycle. The more her work piled up, the less she wanted to do it. ...more

October 5, 2008

As acts of Congress go, the one hacked out in hopes of staving off Great Depression 2008, Return to Misery, appears to be an equal-opportunity offender. Left, right, center or blissfully uninvolved, everyone is bound to identify something about the $700 billion package that stinks like backwoods roadkill on a summer night. ...more

September 26, 2008

When people are panicking, it's hard to stop the stampede with talk about cutting a "federal funds rate." Economic fears on Wall Street and around the world are making people and businesses hunker down, and that could make recession worries come true - a vicious cycle the Federal Reserve, White House and Congress may be hard-pressed to break. ...more

January 23, 2008