Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery.
Banks borrowed less over the past week from a Federal Reserve emergency lending program designed to combat the financial crisis, a sign the institutions are having an easier time getting credit from private markets.
Amid signs the rest of the world may be recovering from the global financial crisis, Africa is still being hammered. South Africa's economy, the continent's largest, shrunk by another 3 percent in the second quarter, an omen that things may get even worse before they improve.
Alabama Gov. Bob Riley approved a new tax Friday to help rescue the state's most populous county from a severe budget crisis, a move that should put 1,000 laid-off county workers back to work.
Banks borrowed less over the past week from Federal Reserve emergency lending programs designed to combat the financial crisis, a sign the institutions are having an easier time getting credit from private markets.
Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back on other programs designed to ease the financial crisis.
When California college students return to campus this fall, they'll find crowded classrooms, less access to faculty and counselors, fewer campus services and more difficulty getting classes they need to graduate — all while paying higher fees.
The sheriff in Alabama's most populous county may call for the National Guard to help maintain order, a spokesman said Tuesday, as a judge cleared the way for cuts in the sheriff's budget and lawmakers reached a compromise they hope will end the budget crisis.
The Federal Reserve says banks boosted borrowing from its emergency lending facility over the past week, but cut back on other programs designed to ease the financial crisis. The overall picture suggests some credit problems are easing.
CIT Group Inc. said in a regulatory filing Tuesday that it might have to file for bankruptcy protection if not enough bondholders participate in a recently launched debt exchange.
Banks trimmed borrowing from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, a sign that some credit problems are easing.
Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.
Lawmakers vented Thursday about the government's inability to solve the nation's housing woes as fresh data showed foreclosure filings continued to rise.
Struggling commercial lender CIT Group Inc. says the government will not give it another bailout.
The board of CIT Group Inc., one of the nation's largest lenders to small and midsize businesses, approved a deal with major bondholders to keep the company out of bankruptcy, said two people briefed on the talks.
Banks reduced borrowing from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing.
Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday.
Arizona's budget battle is going down to the wire, with an intraparty struggle between the Republican governor and the GOP-led Legislature creating the possibility of a state government shutdown starting Wednesday.
Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing.
The Federal Reserve says banks increased borrowing from its emergency lending program, while the use of some other credit programs fell.
Arizona Republican Gov. Jan Brewer sued the GOP-controlled Legislature on Tuesday, asking the state Supreme Court to order top leaders to immediately send her budget bills that lawmakers approved nearly two weeks ago.
Banks cut borrowing from the Federal Reserve's emergency lending program, while investment firms took a pass for the fourth straight week, a sign some credit problems are easing.
Lance Armstrong's financially strapped Astana team will likely survive for another few weeks, but it's unclear if it will make it to the Tour de France.
The Federal Reserve says banks boosted borrowing from its emergency lending program, while investment firms took a pass for the third straight week.
mayfieldga@bellsouth.net Complete learning theory will go to all on request
...."this isn't about trust in Obama, or loyalty to Democrats or affinity for particular legislators because they happen to be nice people.
Unfortunately, we're not going to wake up and discover it was all a dream. Every day, very real people are dying as we stagger cluelessly through Blunderland.
Chippy, a dog who developed an identity crisis after sharing a home with 40 cats, is being offered for adoption by the Cats Protection League as an 'honorary' feline.
A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.
"Unfortunately, the people have been mesmerized by our theater state's purposefully distracting and dramatic media productions for so long that they've been mutated toward helplessness.
WWE's wrestlers have been working the media circuit to hype Sunday's Summerslam event, but it seems that a subject not directly related to the pay-per-view has been at the forefront.
Veteran WWE Superstar Chris Jericho is universally viewed as one of the organization's most valuable players, but that does not mean the Fozzy lead singer is wholly satisfied with the current WWE environment.
[Manila, Philippines] "It's a case of the puppet meeting her puppet master, the former desperately asking the latter to renew already rotting strings for her horrific puppet show to go on," Antonio Nerio Antao Command – New People's Army (ANAC-NPA) Front 15 spokesperso …
Why should we deliver profits to a free enterprise entity if it fails to deliver cost effective health care solutions?
MYTH 1: There is no health care crisis CLAIM: The health care system currently works fine, and only a purportedly small number of uninsured people would benefit from reform.
"Americans for Prosperity is, perhaps, the brightest and shiniest of the astroturf organizations responsible for the misinformed, disruptive and sometimes dangerous citizens who continue to turn up at town hall meetings conducted by members of Congress over the August recess.
Note the comments about the Consumer dictating the future. We control our own destiny. Simply voting is not going to break the courrption web in Wahington. Wrecking there benifactors will....
Fascinating!
One of the benefits coming from the recent congressional town hall meetings – of which there are many – is that we now know to what extent the elected class in Washington DC is cognizant of their constituents' positions on the issues; specifically, healthcare.
Is there a ticking time-bomb for the US economy? And is the Obama administration, Congress, and the media not paying it sufficient attention? That seems to be the message of a government report released this week that drew not as much notice as it deserves.
"In 2009, the hisses of the old plutocracy have escalated into the caterwauling of a manufactured mobocracy intent on shouting down members of Congress and fellow citizens who come to community centers to ask honest questions.
When there is a crisis, our bodies tend to register that crisis in different ways. Some people tend to be pretty laid back about it. taking it in their stride, while while others show it in covert ways by fretting and worrying while comfort eating to make up for it.
Pope Benedict XVI weighs in on our world economic crisis.
I have always been one to say that I cannot know the answer to the "birthers'" question of whether Mr. Obama is eligible to hold the Presidency. I can't answer the question because I am being kept from examining the only documents that do exist to prove the point.
"Having failed at the ballot box, having watched their Fox News-organized "tea parties" fizzle the intimidation tactics which the Republicans have embraced are being used in a well-financed, top-down orchestrated fake grass roots campaign by corporate interests to try and protect …
Most of the energy of political work is devoted to correcting the effects of mismanagement of government. - Milton Friedman
In another age, kings would shroud themselves with the cloak of divine right to justify their tyrannical political rule. They would limit the rights of the "commoner". It was not that long ago when people were told to ride in the back of the bus.