New numbers released by the government Thursday highlighted the continued weak performance of the national economy, with the Commerce Department reporting an anemic 0.6 percent increase in the gross domestic product in the final three months of 2007.
Treasury Secretary Henry Paulson called for tougher rules for mortgages lenders Thursday, while investment fund Carlyle Capitol faced collapse after defaulting on $16 billion in debt as a string of new reports this week signaled continued weakness in the U.S.
Recently released economic statistics show the U.S. lost 63,000 jobs in February. An executive at a job placement firm and a former top-level Department of Labor official examine the factors behind these job-market losses and what lies ahead for the…
By PBS NewsHour
Inflation jumped by a bigger-than-expected amount in January, with large increases in the cost of food and health care, the government reported Wednesday.
By PBS NewsHour
New home sales plummeted last year by the largest amount on record while home prices fell sharply in December. Analysts foresee more trouble this year as the housing market tries to emerge from its worst slump in 20 years.
After a report by Jeffrey Brown on the year in economic news, business writers from across the country reflect on how the ups and downs of the business world have impacted local communities.
The U.S. Labor Department announced Friday that both job growth and unemployment remained steady in the month of November, despite problems in the housing and credit markets. New York Times economy reporter David Leonhardt evaluates the new job numbers and…
By Admin, PBS NewsHour
U.S. economic news hit a downbeat note Thursday as the White House lowered its outlook for 2008 and a mortgage research company announced that last month's foreclosure filings nearly doubled those in October 2006.
Question/Comment: Housing prices skyrocketed to double in 3 years and everyone thought they were rich, and went out and spent the money. Now the market corrects 30 percent and everyone discovers that it wasn't real. Why should the taxpayers bailout…
Two years after Hurricane Katrina's battered New Orleans, the city still faces lingering housing problems, particularly in low- and middle-income neighborhoods that were abandoned. Correspondent Tom Bearden begins a three-part series on the Gulf Coast's recovery.
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