The Recovery Act has about $5 billion set aside for what's called weatherization: a top-to-bottom effort to make homes more energy efficient. In terms of trickle down, federal funds go to a state agencies, which allocate money to local non-profit agencies, which then farm out the work to local contractors.
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released Tuesday.
Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Up to 134 million U.S. consumers could venture out to shop for holiday gifts this weekend, although many are testing the waters for bargains before they commit.
Oil prices fell on Tuesday after data showed the U.S. economy grew at a slower-than-expected pace last quarter and investors braced for weekly figures to show crude stocks rose in the world's top energy consumer last week.
The dollar fell to a six-week low against the yen Tuesday after a mixed bag of U.S. data kept worries about an economic recovery alive, enhancing the safe-haven appeal of the Japanese currency.
President Barack Obama assured Americans that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.... Read More
Stocks slid Tuesday morning, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter... Read More
At a news conference yesterday, Notre Dame head football coach Charlie Weis said that he would “have a tough time arguing” with school officials if they fired him... Read More