The American stock market has soared 64 percent since it hit bottom eight months ago. And that leaves it just where it was more than 11 years ago.
Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.
With no margin for rebellion, Senate Democrats pushed toward a crucial weekend test vote on their sweeping health care bill Friday, and wavering moderates appeared to be falling in line on President Barack Obama's signature issue.
Designed to help low-income people afford to buy houses, the Federal Housing Administration's is now insuring houses for increasingly well-off buyers, says the New York Times.
Congressional budget crunchers said the Democrats' latest health care plan would hold down federal red ink for at least 20 years, an assessment that gave supporters hope as the Senate moved gingerly toward debate.
A flurry of green agreements between the U.S. and China this month has lowered expectations for any global deal at a major climate change conference in Copenhagen next month, but they may also foreshadow a new approach by the Obama administration focusing on job creation and technological innovation.
Maybe Bernanke really does have some clout: ever since Monday, when Bernanke engaged in unusual jawboning in support of the dollar, the dollar has stabilized and is even in a mild uptrend.
The economy still needs help. So White House officials are looking at creating a new version of cash for clunkers — this time for home weatherization. The New York Times reports.
In a report released Tuesday by the comptroller of New York State, Wall Street profits in 2009 are on track to exceed the record set three years ago, reports the New York Times.
President Obama took his declining dollar to the Asia-Pacific economic conference, and he added to it a declinist opinion of America’s economy. His big message? Don’t count on American consumers to lead the world from recession to recovery and beyond. His second big message? In the U.S., we must save more and spend less.
In U.S. President Barack Obama's speech to Asia-Pacific leaders at the APEC Summit in Singapore over the weekend, he highlighted the importance of a strong China economy in the context of global growth.
Welcome to the retail mind game: Both Target and Saks gave cautious guidance on holiday sales.
"For the ancient Greeks it was the three fates that spun the destiny of life, measuring and finally cutting it short. Now, highlighted by events of the past few days, the unmistakable hands of reserve currency, monetary, and fiscal fates can be seen in the dollar’s latest unraveling," writes author Charles Goyette.
More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.
America's small cities are losing some of their traditional appeal to upwardly mobile families seeking wholesome neighborhoods, a stable economy and affordable living.
Despite recent advances, the U.S. lags far behind other major countries when it comes to clean energy investment and experts say it may never compete on equal terms, let alone lead.
Investing in green tech a great way to get in on the ground floor of a burgeoning sector with global exposure, but you may be taking a gamble on still unproven technologies.
These are exciting times in the world of green. Washington is abuzz with the subject and Wall Street and Main Street are certainly taking note. So does this special report: "Invest in Green." It is by no means an imperative. Green investing is an option and an increasingly more popular one. Think of this as a starter's guide.
When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker, the New York Times reports.
Venezuelan President Hugo Chavez lashed out at an agreement for American troops to use more Colombian military bases on Friday, accusing the U.S. of aiming to start a conflict and urging his military to be prepared.