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Dec 04

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Basics of U.S. Economy Are Strong, Bush Says

President Bush tried to quell concerns over the recent housing slump and credit crunch Tuesday, saying "The basics in the economy are good." Two former treasury secretaries examine the state of the economy and whether the U.S. is facing a…

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Aug 07

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Housing Market Decline Impacts First-time Buyers, Lenders

America's shifting housing market is having a ripple effect on buyers of different income levels and causing some mortgage companies to close. A professor and a market journalist explain the problems with the current housing market.

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Nov 06

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Fed Cuts Key Interest Rate

In a bid to help jump-start the U.S. economy, the Federal Open Market Committee Wednesday unanimously decided on a half-point cut in the federal funds rate.

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Sep 24

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Interest Rate Remains Steady Amid Discouraging Economic Data

Federal Reserve officials decided to leave a key interest rate unchanged Tuesday as the nation's economic recovery struggles against an erratic stock market and growing anxiety over a war with Iraq.

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Dec 11

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Fed Cuts Key Interest Rate to Lowest Level in 40 Years

The Federal Reserve Tuesday cut a key interest rate by a quarter point, the eleventh cut this year.

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Nov 06

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Fed Cuts Key Interest Rate to Lowest Level in 40 Years

The Federal Reserve today cut a key interest rate by half a point, making the rate the lowest level since 1961.

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