Former President Clinton last week gave fellow Democrat Barack Obama top marks for his handling of the economy but said the new chief executive needs to be more optimistic when talking publicly about economic issues. Forty-six percent (46%) of U.S.
Brian Carpenter bought his Woburn home in 1980, and 29 years later, he has never missed a mortgage payment. It wasn't always easy. With three kids, it meant driving old cars, clipping coupons, and brown-bagging it to work.
AIG is in discussions with the government about securing additional funds so it can keep operating after next Monday when it will report the largest loss in U.S. corporate history.
Citigroup Inc. is in talks that could see the U.S. government take a bigger stake in the beleaguered bank, according to reports over the weekend.
C.R.A.P. - Congressional Recovery Act Plan ( better known as the Economic Stimulus Plan) - Inspired by maggiemae and jackjack - Newsvine contributors extraordinaire!
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Loose lips sank financial shares' ships last week, proving the importance of confidence in an industry beset with rumors of nationalization amid claims of virtual insolvency.
Fresh on the heels of signing an economic stimulus plan that will consist of $800 billion in new federal deficit spending in the form of direct spending and tax cuts and credits to counter the effects of a global recession that most trenchant observers spanning the political spec …
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Brace yourself: The recession is projected to worsen this year.
Banks are poised to lose a lot of money in the once-fast growing region, but don't expect them to bail just yet.
President Barack Obama moves into a week that will test his political and economic artistry as he pushes forward with plans to spend unprecedented hundreds of billions to rescue the collapsing economy while also promising to cut America's record budget deficit.
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