One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.

Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.

While US officials publicly support a strong dollar, in private they don't appear so worried about its recent slide.

The Treasury Department said Monday it will need to borrow $276 billion in the current quarter as it struggles to manage the government's books pending a decision by Congress to boost the debt limit.

The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.

U.S. President Barack Obama said on Monday that the economy had recovered a lot of ground since January but more jobs would be lost before a full recovery is in place.

Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer and as the dollar rallied. The Dow shed 250 points, or 2.5 percent, but finished flat for the month.

Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer.

The House Ethics Committee formally acknowledged that Rep. Maxine Waters (D-CA.) is under investigation for allegedly using her influence to help a bank in which her husband owned stock

On the final business day of October, the Obama Administration released the most complete report yet on how the Recovery Act is performing in the greater U.S. economy.

Stocks opened lower Friday after reports showed consumer sentiment and spending have declined.

Futures indicated a lower open for Wall Street on Friday, the last trading day of October, after the Dow experienced its best day in 3 months Thursday after GDP data showed the world's biggest economy exited recession in the third quarter.

The House health care bill released Thursday raises most revenue by taxing individuals making $500,000 or more, but also tightens rules for corporate accounting and takes aim at foreign companies working in tax havens.

The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack Thursday from all sides, with critics targeting its funding and scope.

Stocks rallied Thursday, rebounding off of the prior session's rout, after reports showed the economy grew more than expected last quarter and jobless claims fell. The Dow jumped more than 2 percent—its best day since July.