Economy, Economic Crisis | featured news

Japan sees its unemployment reach a six-year high, at 5.4%, with job availability at a new low, in a further sign of the slowdown.

California Gov. Arnold Schwarzenegger earns the worst approval numbers of his tenure, according to a new poll, becoming another governor whose ratings have been dragged down along with the battered economy.

President Barack Obama said on Wednesday he realized Americans were skeptical about his healthcare overhaul, but that the country's economic recovery depended on the success of the $1 trillion plan.

Several major U.S. banks, led by Wells Fargo & Co, said the troubled economy drove credit losses higher, reducing profitability in the second quarter.

The three most important things in real estate: location, location, location.

Continental Airlines posted a big loss for the second quarter as traffic fell, and the carrier says it will cost 1,700 jobs and raise the fee for checking luggage.

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.