Economic Crisis | featured news

The anemic economy decimated state tax collections during the first three months of the year, according to a report released Friday by the Rockefeller Institute of Government. The drop in revenues was the steepest in the 46 years that quarterly data has been available.

We are now looking at unemployment numbers that undermine any confidence that we might be nearing the bottom of the recession. The appropriate metaphor is not the green shoots of new growth. A better image is to look at the true total of jobless people as a prudent navigator looks at an iceberg. These 9 signs suggest that the U.S. recession is even worse than previously thought.

President Obama on Saturday dismissed the idea the nation might need a second stimulus to jolt the economy out of recession and ...

WASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulus plan is on the "expected path."

"There's been substantial improvements in arresting what was the worst recession globally we've seen in generations," Geithner told lawmakers Friday.

Prices have dropped as traders and investors acknowledge that a global recovery will take longer than hoped.

Most economists in the Journal's forecasting survey said the U.S. doesn't need another round of stimulus, despite expectations of severe job losses.

As jobless rate climbs, White House scrambles to reassure public Obama's plan is on right track.

Democrats are all over the map on the stimulus and the possibility of a sequel.

Despite steep discounting and unprecedented incentives, hotel occupancy in Hawaii continues to slide to new lows because of the slowed global economy.

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.