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  • Consumers Start Spending Again Amid Grim Economy Friday, 6 Mar 2009 | 10:55 AM ET
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    Even as the economy sheds jobs at an alarming rate, there are early signs consumers are getting over the shock  of recession and  opening their wallets again. "There's pent up demand," says one economist. "Whether it is long lasting is another story.”

  • Dow Ends Below 6,600; Citi Dips Below $1 Thursday, 5 Mar 2009 | 4:32 PM ET

    Stocks tumbled 4 percent Thursday as investors were rattled by doubts about the survival of General Motors and Citigroup broke below $1.

  • Fed's Lacker: Return to Growth by Year-End Thursday, 5 Mar 2009 | 2:22 PM ET

    The U.S. economy looks "dismal" in the short term but should return to growth by year-end as housing markets finally reach "some sort of equilibrium," said Richmond Federal Reserve Bank President Jeffrey Lacker.

  • Stocks Slide as Citi Breaks Below $1 Thursday, 5 Mar 2009 | 2:00 PM ET

    Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • Stocks Slide as GM Falls Below $2 Thursday, 5 Mar 2009 | 11:20 AM ET

    Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • GM Dents Futures; Jobless Claims Help Thursday, 5 Mar 2009 | 9:28 AM ET

    US stocks headed for a lower open Thursday, having clawed back key ground in the previous session, ahead of a hearing with Treasury Secretary Timothy Geithner and decisions by the European Central Bank and the Bank of England on interest rates.

  • Second Liens Forgiven: Are You Kidding Me? Wednesday, 4 Mar 2009 | 3:23 PM ET

    Amid the dozens of pages of details of the Obama mortgage modification plan, one new element will likely not make it into the headlines because it’s something of an afterthought, but...

  • Citi’s Mortgage Holiday Tuesday, 3 Mar 2009 | 3:26 PM ET

    Today Citi announced a new program to help troubled borrowers stay in their homes, specifically borrowers who have lost their jobs.

  • Pros Say: What's Next? A Strong Rebound Tuesday, 3 Mar 2009 | 2:14 PM ET

    Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.

  • Pros Say: U.S. Recession Looks Endless Friday, 27 Feb 2009 | 3:38 PM ET

    Friday: General Electric (CNBC's parent company) said it'll slash its quarterly dividend 68 percent, saving $9 billion annually. The U.S. agreed to boost its stake in Citigroup to as much as 36 percent. U.S. GDP data was sharply revised downward, with economic loss at 6.2 percent. Experts told CNBC that the market is resisting scary talk from President Obama and Fed Chairman Bernanke — but the recession's end is nowhere in sight.

  • When $250K Really Doesn't Feel Rich Friday, 27 Feb 2009 | 2:44 PM ET
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    We all knew President Obama's budget would not be easy to swallow, at least for those earning over $250,000 a year, but we also know that in these incredible economic times, a lot of us would have to take a bullet for the greater good.

  • Bankruptcy

    In all the arguments over the proposal to allow bankruptcy judges to modify home loans, a.k.a. the bankruptcy “cramdown,” we seem to be losing sight of some simple basics involving foreclosure, bankruptcy and credit.

  • Pros Say: No Recovery Until Housing Improves Wednesday, 25 Feb 2009 | 3:12 PM ET

    Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.

  • Bank Stress Tests to Be Completed by End of April Wednesday, 25 Feb 2009 | 3:12 PM ET

    U.S. banking regulators announced Wednesday that the "stress test" program on banks with more than $100 billion in assets will be completed by no later than April, CNBC has learned.

  • Beyond The Existing Homes Sales Headlines Wednesday, 25 Feb 2009 | 2:43 PM ET

    I always find that the most intriguing nuggets from the monthly Realtors report come not in the headline numbers but the historical analysis section.

  • Housing Affordability Doesn’t Matter Tuesday, 24 Feb 2009 | 2:52 PM ET

    Every now and then we hear a comment from a senior government official, offhand though it may have been, that really strikes at the heart of the current state of affairs in housing. Today it was Fed Chairman Ben Bernanke.

  • Pros Say: Eye of Recession Storm is Near Tuesday, 24 Feb 2009 | 1:50 PM ET

    Tuesday: Fed Chairman Ben Bernanke warned the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets. Debate continues on bank "nationalization," with Bank of America insisting it won't need a bigger U.S. stake; and analysts wondering if Citigroup actually needs the government to pick up more than 40 percent. Experts told CNBC that fears of nationalization are overdone — and we're now entering the epicenter of the recession.

  • The Next Economic Bubble To Burst? Take Your Pick Tuesday, 24 Feb 2009 | 1:38 PM ET
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    The next economic bubble is on its way—if it's not already here, analysts believe. The problem is, there's no clear consensus on what it will be or when it will hit.

  • Toll Brothers Plan To Battle Fear Monday, 23 Feb 2009 | 12:30 PM ET
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    First it was Hyundai, with its radical offer to let you give the car back if you lose your job. Now it’s Toll Brothers, offering to make the monthly payments.

  • Unemployment Could Hit 9% This Year: NABE Monday, 23 Feb 2009 | 9:39 AM ET
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    The U.S. unemployment rate -- now at 7.6 percent, the highest in more than 16 years -- is expected hit a peak of 9 percent this year, according to the latest survey by the National Association for Business Economics to be released Monday.