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Nurses paid more than family doctors
Posted: March 11th, 2010, 11:57am MST
Despite the growing shortage of family doctors in the United States, medical centers last year offered higher salaries and incentives to specialist nurses than to primary care doctors, according to an annual survey of physicians' salaries. -
Households recovering from economic freefall
Posted: March 11th, 2010, 10:56am MST
The net worth of American households increased slightly during the final three months of 2009, the Federal Reserve said Thursday. -
Fast food chains face tomato famine
Posted: March 11th, 2010, 10:11am MST
Fast food joints are scrambling to find alternate sources for one of America's favorite sandwich toppings after a winter freeze took a huge bite out of Florida's tomato harvest. -
Financial reform bill coming from Democrats
Posted: March 11th, 2010, 8:36am MST
Senate Democrats on banking panel plan to release and start working on a financial overhaul bill next week, without Republican support. -
Brighter outlook for international airlines
Posted: March 11th, 2010, 8:32am MST
The international airline business is improving, said an industry group Thursday, and while losses are still expected for 2010, they should be half the size previously forecast. -
Trusting science on climate change
Posted: March 11th, 2010, 7:52am MST
Those beating the global warming drum have sure taken a few lumps lately. -
Why the U.S. can't inflate its way out of debt
Posted: March 11th, 2010, 7:41am MST
It's dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process. -
Jobless claims edge lower
Posted: March 11th, 2010, 7:02am MST
The number of Americans filing continuing claims for unemployment insurance spiked last week, the Labor Department said Thursday, as sluggish hiring continues to drag on the labor market's recovery. -
Driving deaths plunge, fewest since 1954
Posted: March 11th, 2010, 6:12am MST
The U.S. Department of Transportation said Thursday that traffic fatalities in 2009 reached their lowest level since 1954. -
11 quirky budget cuts
Posted: March 11th, 2010, 4:24am MST
From police horse to fireworks to wrangling stray chickens, these cash-strapped cities are eliminating all kinds of services. -
Health-care reform's 'back-door' tax
Posted: March 11th, 2010, 4:05am MST
The big talk on Capital Hill may be about health-care reform, but as part of this massive undertaking, the Democrats are quietly reshaping the tax system too. Tucked inside President Obama's latest health-care proposal is a major change to the Medicare tax. -
Flunking banks out of college
Posted: March 11th, 2010, 2:35am MST
President Obama has been waging a war with banks over who gets to dole out cheap student loans backed by the federal government. -
Foreclosures leveling off
Posted: March 11th, 2010, 1:59am MST
The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. -
Jobs bill advances in Senate
Posted: March 10th, 2010, 1:04pm MST
The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks. -
Record monthly deficit for U.S.: $221 billion
Posted: March 10th, 2010, 12:38pm MST
The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday. -
Welcome to the United States of Iceland
Posted: March 10th, 2010, 11:21am MST
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own. -
Medical bills: Knowing what to avoid
Posted: March 10th, 2010, 11:11am MST
For people who have health insurance, the level of fine print is rising along with the costs. -
Fewer states report jobless rate increases
Posted: March 10th, 2010, 8:22am MST
A total of 30 states and Washington, D.C., reported rising unemployment rates in January, down from the number in the previous month, according to a government report released Wednesday. -
CEO departures highest since Sept. 2008
Posted: March 10th, 2010, 8:05am MST
The number of chief executives who left their posts surged in February to the highest level since September 2008, when the economy was rocked by the financial crisis. -
Budget squeeze sours jobs picture
Posted: March 9th, 2010, 2:03pm MST
Another big employer is hanging out the "Not Hiring" sign. -
House eyes last-minute tax break for Chile donations
Posted: March 9th, 2010, 11:28am MST
Taxpayers may still be able to deduct last-minute donations to Chile earthquake relief from their 2009 taxes, if a bipartisan bill introduced in the House on Tuesday is signed into law. -
U.S. minted more millionaires in 2009
Posted: March 9th, 2010, 10:28am MST
America's millionaires are making a comeback, according to a report released Tuesday. -
Natural gas crystals: Energy under the sea
Posted: March 9th, 2010, 9:37am MST
It looks like ice -- but this ice could one day be used to heat your home. -
Census jackpot: $500 billion a year in U.S. aid
Posted: March 9th, 2010, 7:26am MST
Federal programs will dole out more than $500 billion a year over the next decade based on data collected through the 2010 Census, according to a study released Tuesday. -
Employers still skittish on hiring
Posted: March 9th, 2010, 1:58am MST
Most employers are still cautious when it comes to hiring, planning neither to add nor cut jobs from their payrolls this spring, according to a staffing firm survey released Tuesday. -
Best Companies for job growth
Posted: March 8th, 2010, 2:09am MST
Best Companies like the Scooter Store and DreamWorks notched some impressive job growth last year and are showing no signs of slowing down. -
Can't make your mortgage? Get an emergency loan
Posted: March 8th, 2010, 1:48am MST
Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs. -
Jobs: Short-term hope, long-term despair
Posted: March 6th, 2010, 6:03am MST
Friday's jobs report showed some glimmers of a recovery but If you're among the 8.8 million Americans still unemployed after nearly four months, you may have been left scratching your head. -
CBO: $10 trillion jump in debt under Obama budget
Posted: March 5th, 2010, 3:32pm MST
If President Obama's 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country's accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office. -
Consumer borrowing rises - 1st time in a year
Posted: March 5th, 2010, 1:24pm MST
Consumer borrowing increased in January for the first time in a year, the Federal Reserve reported Friday. The news blew past economist expectations which predicted a decline for the 12th straight month. -
11 airports get new body scanners
Posted: March 5th, 2010, 10:58am MST
The Department of Homeland Security on Friday named the first 11 airports to receive full-body scanners paid for with stimulus funds, with most of them going to California and the Midwest. -
The Fannie-Freddie waiting game
Posted: March 5th, 2010, 10:36am MST
Putting Fannie Mae's and Freddie Mac's houses in order will have to wait. -
Economic snow job
Posted: March 5th, 2010, 10:11am MST
The only professionals with a worse reputation than meterologists for predicting the future are economists. -
Jobless rate holds steady
Posted: March 5th, 2010, 6:43am MST
The U.S. economy shed 36,000 jobs and the unemployment rate was unchanged in February, according to a government report released Friday. -
How $1 trillion hides in plain sight
Posted: March 5th, 2010, 5:32am MST
The government does without roughly a trillion dollars a year because of a slew of tax breaks -- everything from the mortgage-interest deduction, to education and child credits, to low rates on investments. -
Tax goodies for job seekers
Posted: March 5th, 2010, 2:05am MST
Job hunting can be expensive. The costs of hiring career coaches, printing hundreds of résumés at Kinko's and flying out for weekend job interviews can really add up, especially for someone who doesn't have an income. -
Good job news: Wages are rising. Really.
Posted: March 4th, 2010, 3:00pm MST
The end of more than two years of job losses can't come soon enough for most Americans. -
Lobster prices too low for harvesters' taste
Posted: March 4th, 2010, 10:50am MST
Maine's lobstermen are working harder for less, as demand drops for their expanding harvest. -
Come visit the U.S. - and create jobs!
Posted: March 4th, 2010, 10:50am MST
Next up on the jobs-creation agenda: Lure more foreign travelers to the United States. -
Why China should let the yuan rise
Posted: March 4th, 2010, 10:27am MST
The Chinese have rarely given into foreign pressure to revalue its currency higher. But that doesn't mean it won't let the yuan rise later this year. -
Americans spend more in February
Posted: March 4th, 2010, 9:43am MST
Many of the nation's top retail chains reported much stronger-than-expected February sales Thursday, furthering hopes that U.S. consumers are starting to loosen their purse strings. -
Obama's new adversary
Posted: March 4th, 2010, 8:42am MST
On the eve of President Barack Obama's winter health-care summit, Rep. Paul Ryan is dining at Talay Thai, a no-frills restaurant with metal chairs and Formica tables. On this frigid evening, Ryan strolled coatless to Talay -- "I'm from Wisconsin!" he says -- from his cramped Capitol Hill office, where tonight, as on most nights, he'll sleep on a cot. -
I'm a Medicare doctor. Here's what I make
Posted: March 4th, 2010, 8:11am MST
When you think of low-paying jobs, doctor doesn't usually come to mind. -
Unemployment claims drop
Posted: March 4th, 2010, 7:17am MST
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday. -
First spark of a jobs recovery
Posted: March 3rd, 2010, 2:13pm MST
Main Street businesses shed another 18,000 jobs in February, bring the tally of jobs lost from America's small businesses to nearly 3 million since February 2008, according to a report released Wednesday by payroll processor ADP. -
U.S. to top banks: Send more loans!
Posted: March 3rd, 2010, 1:52pm MST
Washington's quest to get big banks to make more loans only seems to get more challenging. -
Fed sees continued economic improvement
Posted: March 3rd, 2010, 1:03pm MST
The economy continued to show modest signs of improvement in recent weeks, although growth was hindered somewhat by bad weather, according to the latest Federal Reserve snapshot of regional economic conditions. -
The 60-plus set can't afford to retire
Posted: March 3rd, 2010, 10:57am MST
More people say they just don't have the money to retire these days. -
Jobs recovery will be sluggish
Posted: March 3rd, 2010, 10:25am MST
The annual unemployment rate rose across all states and the nation's capitol last year, with Michigan and Nevada posting the biggest jumps, according to a government report released Wednesday. -
Hunting for Fed governors: The candidates
Posted: March 3rd, 2010, 7:24am MST
With the impending retirement of Federal Reserve Vice-Chair Don Kohn, it's time for President Obama to get serious finally about filling some long-empty seats at the Fed. -
Job cuts slow to pre-recession levels
Posted: March 3rd, 2010, 6:00am MST
The pace of U.S. job cuts continued to slow last month, according to two reports released Wednesday. -
Senate extends jobless benefits deadline
Posted: March 2nd, 2010, 9:56pm MST
After days of intense infighting, the Senate voted late Tuesday night to extend the deadline for the jobless to apply for extended unemployment benefits. Several hours later, President Obama signed the measure. -
Nissan recalls 540,000 trucks and minivans
Posted: March 2nd, 2010, 6:11pm MST
Nissan is recalling 540,000 vehicles worldwide to fix faulty brake pedal pins and inaccurate fuel gauges. -
Senate panel mulls consumer protection deal
Posted: March 2nd, 2010, 1:34pm MST
The Senate might break its impasse on financial overhaul if it moves forward with a proposal that would put a consumer financial protection watchdog inside the Federal Reserve. -
Postal Service to shed another 30,000 jobs
Posted: March 2nd, 2010, 12:58pm MST
The U.S. Postal Service said on Tuesday that it would reduce its workforce by another 30,000 positions and slash overtime this year in an effort to reduce costs. -
Obama pushes home efficiency rebates
Posted: March 2nd, 2010, 11:57am MST
President Obama was stumping once again for his plan to reimburse homeowners who invest in energy efficiency and create jobs. -
Don't get angry at the markets
Posted: March 2nd, 2010, 6:59am MST
Get out your calendars, folks. It's time to celebrate -- or perhaps mourn -- the 10th anniversary of one of the epic financial events of our time: the peak of the great stock market bubble, in March 2000. That's the month the Nasdaq, Standard & Poor's 500, and Wilshire 5000 all reached new highs, then headed south, big-time. (The Dow industrials peaked that January, but who cares? It's just a crummy 30 stocks.) -
The Fed's stuck in the penalty box
Posted: March 2nd, 2010, 6:21am MST
The Federal Reserve has enough problems without having to play shorthanded. -
Bye-bye, Saturday mail?
Posted: March 2nd, 2010, 2:49am MST
Snail mail might soon get even slower. -
Rat out a tax cheat, collect a reward
Posted: March 2nd, 2010, 1:49am MST
If you knew coworkers, former bosses or exes who cheated on their taxes, would you turn them in? The Internal Revenue Service can make it worth your while. -
Round 2: Senate fight over jobless benefits
Posted: March 1st, 2010, 6:06pm MST
Democratic Senators Monday unveiled a $150 billion bill that pushes back the deadline to file for unemployment insurance until year-end and extends dozens of expiring corporate and personal tax credits. -
Ditched by your doctor - blame Medicare
Posted: March 1st, 2010, 1:13pm MST
As a 21% cut in Medicare payment rates to doctors took effect Monday, eight of the 15 patients on Dr. William Schreiber's schedule are on Medicare. -
Spending more, saving less. Uh-oh.
Posted: March 1st, 2010, 11:26am MST
We all supposedly learned our lesson. The credit bubble and Great Recession taught us to be more fiscally fit. Save more and spend within your means. For a while, it looked like a new era of thrift was upon us. -
Filibuster threatens highway jobs: DOT
Posted: March 1st, 2010, 10:04am MST
Department of Transportation secretary Ray LaHood on Monday blamed a senator's filibuster for furloughing thousands of federal employees and threatening state jobs while shutting down highway construction projects nationwide. -
Manufacturing slows in February
Posted: March 1st, 2010, 8:47am MST
Manufacturing activity expanded in February for the seventh straight month, but at a slower pace, a purchasing managers' group said Monday. -
Donald Kohn steps down from Fed
Posted: March 1st, 2010, 8:34am MST
Donald Kohn, the vice chairman of the Federal Reserve, announced plans Monday to resign from the U.S. central bank when his term ends in June. -
Supreme Court hears former Enron CEO's appeal
Posted: March 1st, 2010, 7:52am MST
The U.S. Supreme Court will hear arguments Monday from an attorney for a former Enron chief executive seeking to overturn his 24-year conviction on securities fraud and other charges. -
Personal income edges higher
Posted: March 1st, 2010, 7:03am MST
Personal income edged up slightly in January, and spending by individuals rose for a fourth straight month, according to government data released Monday. -
Getting a green job isn't so easy
Posted: March 1st, 2010, 3:02am MST
Dear Annie: I lost a pretty good job as head of the training department at a financial-services company a few months ago and, rather than look for another similar position, I want to change careers. I'm passionate about the outdoors and would like to do something related to protecting wildlife and the environment. But I'm having trouble figuring out where to focus my search. Can you point me to some good sources of information about green jobs? -- Boston Birdwatcher -
America's hidden debt bombs
Posted: March 1st, 2010, 1:47am MST
America's total debt load is on pace to top $13 trillion this year, and $22 trillion by 2020 -- and that's just the debt we're counting. -
Home Prices
Posted: February 28th, 2010, 3:59pm MST
March 30 -
All eyes on the job market
Posted: February 28th, 2010, 6:17am MST
A wave of disappointing economic reports has revived fears that the recovery is unsustainable, upping the ante for this week's batch of economic news, including the big February jobs report Friday. -
How U.S. Olympians pay the rent
Posted: February 27th, 2010, 7:18am MST
Even Olympians have to pay the rent. -
Gatorade drops sponsorship of Tiger Woods
Posted: February 26th, 2010, 4:04pm MST
PepsiCo's Gatorade said Friday that it has ended its business relationship with Tiger Woods. -
Airlines ripe for another merger, experts say
Posted: February 26th, 2010, 12:32pm MST
Now that the merger between Delta and Northwest is complete, other airlines are under the spotlight for potential consolidation. -
Batman comic book beats Superman at auction, sets record
Posted: February 26th, 2010, 12:21pm MST
The Dark Knight may be Superman's next greatest nemesis, after Lex Luthor. -
Deadline nears: Unemployment checks could stop
Posted: February 26th, 2010, 11:14am MST
Depending on extended unemployment benefits to see you through the Great Recession? -
Administration proposes help for middle class
Posted: February 26th, 2010, 10:03am MST
In its first annual report released Friday, the Obama administration's middle-class task force introduced plans to address the "middle-class squeeze" in the U.S. economy. -
Economy grew 5.9% in fourth quarter
Posted: February 26th, 2010, 6:38am MST
March 26 -
Hired! Aggressive networking gets the job done
Posted: February 26th, 2010, 2:00am MST
Standing out in a sea of job seekers can seem nearly impossible in this economy -- unless you craft a unique approach that potential employers can't help but notice. That's the strategy that worked for Doug Winfield. When the Boston-native moved to Seattle for a job at a public relations firm, he never anticipated it would be so short lived. But after less than two years with the company, drastic cutbacks left Winfield, 47, out in the cold last year. -
Auto sales: Weakness beyond Toyota
Posted: February 26th, 2010, 1:51am MST
Toyota's troubles are likely to get the most attention when automakers report February sales Tuesday. But the Japanese automaker's pain isn't likely to translate into big gains for its rivals. -
Regulators ease up on small business loans
Posted: February 25th, 2010, 12:13pm MST
It's a chicken-and-egg problem that's plagued the credit markets for a year: Small businesses become riskier lending bets in a downturn, prompting banks to slash their lending. But tight credit cuts off the financing companies need to hire and grow, which in turn drags on the economy and causes more businesses to fail. -
Doctors threaten Medicare backlash
Posted: February 25th, 2010, 11:55am MST
With a 21% cut to Medicare reimbursement rates set to take effect Monday, the nation's largest physician organization has informed its members about their options -- which include shutting off practices to new Medicare patients. -
Fed probing Goldman trades with Greece
Posted: February 25th, 2010, 9:57am MST
The Federal Reserve is looking into what role Goldman Sachs and other Wall Street firms may have played in Greece's debt problems, Fed Chairman Ben Bernanke said Thursday. -
Jobless claims up 12% in past 2 weeks
Posted: February 25th, 2010, 7:07am MST
The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday. -
Come visit the U.S. - and create jobs!
Posted: February 25th, 2010, 1:52am MST
Next up on the jobs-creation agenda: Lure more foreign travelers to the United States. -
Why health care 'Cadillacs' shouldn't be touched
Posted: February 24th, 2010, 1:26pm MST
As independent health care analysts, we were pleased to hear President Obama strike an open posture ahead of Thursday's big health care summit and say he was willing to put all good ideas on the table. But we were disappointed to find out that he was not equally willing to take the bad ones off it, starting with the so-called Cadillac tax on high-priced insurance plans. -
Bernanke's audit olive branch
Posted: February 24th, 2010, 12:46pm MST
Federal Reserve chairman Ben Bernanke took a half-step out of the shadows Wednesday. But for all his talk of transparency, Bernanke seems more intent on shoring up the Fed's political flanks than on opening up the central bank's books. -
Financial reform: Make-or-break time
Posted: February 24th, 2010, 10:22am MST
A second Senate effort to come up with financial reform legislation could run aground unless a deal on protecting consumers is reached. -
Public college tuitions spike 15%, even 30%
Posted: February 24th, 2010, 9:42am MST
Tuition at many public colleges and universities is skyrocketing, thanks to state budget deficits that have choked off funding for higher education. -
Senate approves $15 billion job-creation bill
Posted: February 24th, 2010, 9:42am MST
Senators approved a $15 billion job-creation bill on Wednesday, which would give businesses tax breaks for hiring the unemployed and states more money for infrastructure projects. -
Dollar slides on Bernanke's testimony
Posted: February 24th, 2010, 9:28am MST
The dollar turned lower against the euro, pound and yen Wednesday as investors digested Federal Reserve chairman Ben Bernanke's testimony on monetary policy. -
Bernanke concerned about weak job market
Posted: February 24th, 2010, 8:31am MST
Federal Reserve chairman Ben Bernanke told Congress on Wednesday that government action has helped start an economic recovery, but that he's worried about the state of the job market. -
New home sales fall to a record low
Posted: February 24th, 2010, 8:21am MST
Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday. -
Freddie: Bigger loss, no new bailout
Posted: February 24th, 2010, 6:57am MST
Government-owned mortgage financing firm Freddie Mac reported a larger loss in the fourth quarter, but the company did not need to draw down any additional tax dollars in the period. -
Air passenger revenue ends 14-month decline
Posted: February 24th, 2010, 6:17am MST
U.S. airline passenger revenue rose in January for the first time in more than a year as ticket prices increased, according to a trade group. -
How well is the SEC protecting you?
Posted: February 24th, 2010, 3:25am MST
In January 2009, when Mary Schapiro took over the Securities and Exchange Commission, the agency was the butt of jokes. Though the SEC's whole purpose is to police the securities industry, it had missed massive abuses such as Bernie Madoff's decades-long Ponzi scheme and Allen Stanford's alleged $8 billion scam. -
California's high speed rail dream
Posted: February 24th, 2010, 2:22am MST
California's high speed rail plan is eye candy for anyone that likes big, fast shiny things. -
California's high speed rail dream
Posted: February 24th, 2010, 2:22am MST
California's high speed rail plan is eye candy for anyone that likes big, fast shiny things. -
Good job, lousy coworkers
Posted: February 23rd, 2010, 4:04pm MST
These CNNMoney.com readers said they just didn't fit in with the workplace culture and their cliquey colleagues. -
ABC News to cut 300 positions
Posted: February 23rd, 2010, 4:00pm MST
ABC News is expected to cut roughly 20% of its staff, the company said Tuesday. -
Get ready for higher mortgage rates
Posted: February 23rd, 2010, 1:22pm MST
Even though signs of a housing recovery are uneven at best, the Federal Reserve is about to take off the training wheels it has had in place for more than a year to help the battered market. -
Sick banks may mean feeble recovery
Posted: February 23rd, 2010, 11:14am MST
The rot in the U.S. banking system threatens to warp an already weak economic recovery. -
Wall Street bonuses up 17% in 2009
Posted: February 23rd, 2010, 8:40am MST
New York State Comptroller Thomas DiNapoli said Tuesday that Wall Street bonuses jumped 17% last year, to an estimated $20.3 billion, as profits in the financial services sector rebounded. -
Consumer confidence tumbles in February
Posted: February 23rd, 2010, 8:39am MST
March 30 -
Senate takes up jobs bill
Posted: February 22nd, 2010, 6:33pm MST
The Senate voted Monday to push forward a $15 billion jobs creation bill that would give businesses a tax break for hiring the unemployed. -
Senate eyes 15-day jobless benefit extension
Posted: February 22nd, 2010, 3:43pm MST
With 1.2 million people set to lose their unemployment checks starting next week, the Senate is looking to extend the deadline to file for federal jobless benefits by 15 days. -
How Obama will pay for health reform
Posted: February 22nd, 2010, 2:30pm MST
President Obama unveiled a $950 billion proposal for reforming health care Monday, and promised that the plan is fully paid for and would even reduce the deficit over 10 years by $100 billion. -
Small biz lending stimulus runs dry -- again
Posted: February 22nd, 2010, 12:27pm MST
A stimulus program aimed at boosting small business lending is so popular that it has run out of funds -- for the second time. -
Obama wants to block excessive health insurance rate hikes
Posted: February 22nd, 2010, 2:11am MST
The Obama administration will propose new legislation that would allow the government to block excessive rate hikes by health insurance companies, a senior administration official told CNN Sunday. -
Economists: Recovery is firmly on track
Posted: February 22nd, 2010, 1:48am MST
Leading economists are upbeat about the U.S. recovery, forecasting steady growth over the next two years as businesses grow and jobs return, according to a survey released Monday. -
Gas prices tick lower
Posted: February 21st, 2010, 3:26pm MST
Prices at the pump are down slightly, despite a jump in crude oil prices, according to a survey published Sunday. -
Under 21? Getting a credit card just got tougher
Posted: February 21st, 2010, 6:01am MST
Antoine Perretta, a 21-year-old University of Denver student, regularly pays off his three credit cards, to build up his credit score. He's working toward getting an affordable loan to buy a car, a used black Audi. -
Florida bank fails - 17th in 2010
Posted: February 19th, 2010, 3:55pm MST
Regulators shuttered four banks Friday night, bringing the tally of institutions that have gone under so far this year to 20. -
Are you a tax cheat?
Posted: February 19th, 2010, 2:39pm MST
Do you cheat on your taxes? If so, you're not alone. More Americans are fudging their taxes and an increasing number of people are scared of being audited, a survey from the IRS Oversight Board shows. -
The Fed's great rate debate
Posted: February 19th, 2010, 2:08pm MST
The Federal Reserve made it clear Thursday that the hike in its emergency lending rate won't mean a thing for the interest rates paid by consumers and businesses any time soon. -
The euro's Greek tragedy
Posted: February 19th, 2010, 1:20pm MST
The Greek crisis has thrown another detour into the euro's march to world currency domination. -
Banks nervously await new credit card law
Posted: February 19th, 2010, 12:35pm MST
Banks and other credit card issuers are nervously awaiting the new credit card law set to go into effect on Monday. Many are anxious to determine just how big of a profit hit they stand to suffer as a result of the CARD Act. -
One million could lose jobless benefits
Posted: February 19th, 2010, 12:34pm MST
More than 1 million people could lose their jobless benefits and health insurance subsidy in March if Congress doesn't act fast. -
Don't 'discount' Fed's rate hike
Posted: February 19th, 2010, 10:17am MST
The Federal Reserve took its first baby step on Thursday toward finally raising its most important interest rate. -
Job relocation ... to your living room
Posted: February 19th, 2010, 10:08am MST
Most job seekers say they're willing to do whatever it takes to find work in this economy. But are they willing to move 3,000 miles away? -
Health-care reform's fatal assumption
Posted: February 19th, 2010, 8:51am MST
At the bipartisan health-care summit scheduled for February 25th, President Obama is pledging to champion the voluminous bills passed by the House and Senate as the foundation for reforming the $2.2 trillion medical marketplace. -
Inflation edges higher
Posted: February 19th, 2010, 6:42am MST
March 18 -
$1.5 billion in housing help coming to 5 states
Posted: February 19th, 2010, 4:10am MST
Under pressure to do more for troubled homeowners, President Obama is expected to announce on Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis. -
After a layoff, become a consultant?
Posted: February 19th, 2010, 3:11am MST
Dear Annie: After my former employer laid me off last year, they offered me a chance to come back as a consultant to run some special projects. I took them up on it, thinking the work would at least tide me over while I looked for a new job. I found I really like being an independent consultant, and I'd like to try doing it as a permanent career. -
Fed raises emergency funding rate
Posted: February 18th, 2010, 3:12pm MST
The Federal Reserve raised the rate it charges banks that borrow from the central bank when they run short of funds. -
Banks: We'll give you money to save money
Posted: February 18th, 2010, 1:04pm MST
Millions of low and middle-income Americans don't have a savings account, but a group of large banks and consumer advocates kicked off an effort Thursday to change that. -
President orders debt panel, names chairmen
Posted: February 18th, 2010, 8:44am MST
President Obama issued an executive order on Thursday that formally creates a bipartisan fiscal commission, a first step to forcing painful decisions needed to get the U.S. debt load under control. -
Recovery: A long bearish road ahead
Posted: February 18th, 2010, 8:13am MST
Back in 2007, David Rosenberg was one of the first economists to warn investors of the Great Recession. Looking ahead, his outlook has not improved much. -
Jobless claims rise unexpectedly
Posted: February 18th, 2010, 7:07am MST
The number of Americans filing first-time claims for unemployment insurance climbed unexpectedly last week. -
The job application black hole
Posted: February 18th, 2010, 2:24am MST
Ever applied to a job online only to have your résumé seemingly vanish into a void? -
The lending crunch: 'It is very hard to survive'
Posted: February 17th, 2010, 1:42pm MST
Small business loans continue to dry up at the nation's biggest banks. Eleven top TARP recipients -- including Wells Fargo, by far the nation's largest lender to small companies -- cut their collective small business loan balance by more than $2.3 billion in December, according to a Treasury report released late Tuesday. -
Federal deficit falls to $42 billion in January
Posted: February 17th, 2010, 12:48pm MST
The U.S. government posted a $42.6 billion deficit in January, the Treasury Department reported Wednesday, marking the 16th month in a row that U.S. government operations have been in the red. -
Rebound on the factory floor
Posted: February 17th, 2010, 12:44pm MST
The long-battered U.S. manufacturing sector is showing surprising signs of strength and many experts think it has relatively bright prospects for at least the next several years. -
Fed: Slow go on jobs recovery
Posted: February 17th, 2010, 12:35pm MST
The Federal Reserve expects unemployment to decline only modestly over the next few years, but the central bank's latest projection for economic growth is still slightly more bullish than its prior forecast. -
Watch out for new credit card traps
Posted: February 17th, 2010, 10:16am MST
If you haven't heard, big changes are soon coming for the credit card business. -
Home construction rises - future still murky
Posted: February 17th, 2010, 6:43am MST
Home construction rose more than expected in January, while the number of building permits issued in the month dropped, according to a government report issued Wednesday. -
Burger King to team up with Seattle's Best
Posted: February 16th, 2010, 6:10pm MST
Hot or iced, with whipped topping or not -- Seattle's Best Coffee fans can soon have it their way. -
Stimulus spending: $32 billion per month
Posted: February 16th, 2010, 6:03pm MST
Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials. -
Obama to create debt commission Thursday
Posted: February 16th, 2010, 5:19pm MST
President Obama will sign an executive order Thursday to set up a bipartisan fiscal commission to weigh proposals to rein in the soaring federal debt, according to a White House official. -
Obama gives $8 billion to new nuke plants
Posted: February 16th, 2010, 10:50am MST
President Obama announced Tuesday over $8 billion in federal support for two new nuclear power plants in Georgia, setting the stage for what could be the first completed reactor in this country in over three decades. -
Treasury's quiet war
Posted: February 16th, 2010, 5:40am MST
You probably know the Treasury Department as the agency that brought you the bank bailout, the AIG rescue and, of course, the IRS. -
Obama's disco-era jobs bill
Posted: February 15th, 2010, 9:39am MST
The ghost of Jimmy Carter's one-term presidency is hovering over President Obama as the Democrats try to pass a jobs bill in time for this year's elections. So why is the centerpiece of the measure -- a tax break for companies that make new hires -- a play straight from Carter's economic policy circa 1977? -
Curbing debt: Shoulda, coulda. Now gotta.
Posted: February 15th, 2010, 2:44am MST
In the past five years, the administrations of both parties have tried to reform three big-ticket items: the tax code, health care and Social Security. -
States to Senate: Send more federal aid
Posted: February 13th, 2010, 6:32am MST
States are looking to the federal government for more help balancing their budgets, but the Senate is not heeding their call. -
Record $3.5 billion spent on lobbying in 2009
Posted: February 12th, 2010, 4:23pm MST
Lobbying appears to be recession-proof, according to a report out by the Center for Responsive Politics today. -
At $3,250, Olympic hockey tix trump the Super Bowl
Posted: February 12th, 2010, 1:27pm MST
Fancy a last-minute ticket to the opening ceremonies? Get ready to fork over about a thousand bucks. How about a glimpse at Shaun White at Wednesday's halfpipe finals? It'll set you back another $1,400. And as for rink-side seats at the men's ice hockey final game... those will cost you more than this year's Super Bowl tix -- a whopping $3,250 or more. -
'Cash for Appliances' coming to a state near you
Posted: February 12th, 2010, 1:06pm MST
A government program that gives consumers rebates on purchases of energy-efficient household appliances is ramping up in states across the country. -
Where's housing headed? Follow rents
Posted: February 12th, 2010, 12:53pm MST
It may not be the most widespread measure of housing prices, but if you want to follow a powerful driver, look at rents. -
Forget the Fed. Watch China instead
Posted: February 12th, 2010, 10:54am MST
The central bank of greatest concern to investors and U.S. businesses right now isn't the Federal Reserve. It's the People's Bank of China. -
Valentine's flower power - 5 unknown facts
Posted: February 12th, 2010, 9:31am MST
You can complain that Valentine's Day is just a commercial holiday, but you won't hear any griping from retailers. A typical panicked shopper searching for the perfect gift on February 13 is expected to spend on average $103, according to the National Retail Federation (NRF). And that's in a shaky economy. -
Retail sales on the rise
Posted: February 12th, 2010, 7:06am MST
March 12 -
Why cities aren't hitting panic button -- yet
Posted: February 12th, 2010, 2:03am MST
Cities and other municipalities are in a world of budgetary hurt. Is a wave of bankruptcies on the way? -
Senate pares down jobs bill
Posted: February 11th, 2010, 2:18pm MST
The Senate's slow-moving effort to spur job creation was thrown into turmoil Thursday. -
Snowmageddon could cost 200,000 jobs in February
Posted: February 11th, 2010, 11:41am MST
This month's blizzards are battering jobs. -
Jobless claims drop sharply
Posted: February 11th, 2010, 7:10am MST
The number of Americans filing for initial unemployment insurance fell sharply last week, according to government data released Thursday. -
How the U.S. can avoid the Greek problem
Posted: February 11th, 2010, 5:58am MST
Call it the Case of the Missing Commission. -
White House to take stock of economy
Posted: February 11th, 2010, 4:02am MST
Companies will begin slowly adding to their payrolls in 2010, according to an annual White House review of the economy. -
The next crisis: Commercial real estate
Posted: February 11th, 2010, 1:52am MST
A congressional watchdog panel warned on Thursday that mounting commercial real estate losses could endanger the banking system and thwart economic recovery. -
Bernanke: No exit yet
Posted: February 10th, 2010, 11:45am MST
Ben Bernanke has a handy tool belt, but don't expect to see him sporting it until next year. -
Hank Paulson doesn't do 'second-guessing'
Posted: February 10th, 2010, 10:19am MST
For a man who long championed free markets, the irony of being known as the architect of the greatest government intervention into markets in history sits just fine with former Treasury Secretary Henry Paulson. -
Hired! A pilot's job search takes off
Posted: February 10th, 2010, 9:28am MST
The recent recession has hit the aviation industry particularly hard, leaving many workers grounded indefinitely. But one determined pilot found a way to fly again. -
Bernanke lays out plan for tighter money
Posted: February 10th, 2010, 9:18am MST
Federal Reserve chairman Ben Bernanke unveiled a blueprint Wednesday for pulling back -- when the economy is strong enough --the trillions of dollars the central bank provided to prop up the nation's banks and the U.S. economy. -
Senate jobs bill: What's missing
Posted: February 9th, 2010, 4:03pm MST
Senate Democrats' draft plan for job creation, circulated Tuesday, contains a couple of employment measures and a lot of leftover business. -
Dubai selling off Queen Elizabeth 2?
Posted: February 9th, 2010, 12:51pm MST
Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt. -
High-speed rail: Skipping your town
Posted: February 9th, 2010, 10:26am MST
Most of the $8 billion in high-speed rail funds that President Obama awarded last month will not be used for high-speed projects, but rather to improvements designed to make existing lines faster. -
Getting a job just got a little easier
Posted: February 9th, 2010, 9:18am MST
With 14.8 million people out of work, competition for new jobs is easing ever so slightly, according to a government report released Tuesday. -
Washington's bonus tax fantasy
Posted: February 9th, 2010, 2:27am MST
The government's plan to tax Wall Street's bonus bounty is shaping up to be nothing more than a pipe dream. -
Unemployment taxes slam businesses
Posted: February 9th, 2010, 2:19am MST
Employers are getting hit with a massive tax hike at a time when they can least afford it. -
The 401(k) match is back!
Posted: February 8th, 2010, 4:26pm MST
Employees who took a hit on their savings last year might finally be in for some welcome news: Companies are stepping up efforts to help them save more for retirement. -
The inevitable fix for the deficit
Posted: February 8th, 2010, 8:52am MST
The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is hurtling towards a fiscal trap that is forcing us into the only option we'll have to restore budgetary sanity: A Value-Added Tax. -
For L3C companies, profit isn't the point
Posted: February 8th, 2010, 7:32am MST
When organic dairy farmer Vaughn Chase received a letter informing him that processor H. P. Hood would no longer be taking his milk, he feared he'd be forced out of business. -
Obama's small business plans: Where they stand
Posted: February 6th, 2010, 9:25am MST
President Obama has been talking -- a lot -- about what Washington needs to do to help save small businesses. Over the past week, he's introduced a half-dozen different initiatives aimed at unlocking credit, creating jobs and expanding the Small Business Administration's loan programs. -
2010 bank failure tally now 16
Posted: February 5th, 2010, 4:11pm MST
Regulators shuttered a Minnesota bank on Friday night, for the 16th failure of 2010. -
Goldman's Blankfein collects $9 million bonus
Posted: February 5th, 2010, 3:41pm MST
Goldman Sachs stunned many in the Wall Street community Friday by awarding chief executive Lloyd Blankfein $9 million as his year-end bonus, far less than many were anticipating, and none of it in cash. -
Alan Greenspan fights back
Posted: February 5th, 2010, 2:39pm MST
When the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. "I knew that he would continue the legacy of Alan Greenspan, and I was right," said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate's only (admitted) socialist: "He said it publicly -- I want to follow in the footsteps of Alan Greenspan. Alan Greenspan's philosophy is a disaster." Jeff Merkley (D-Ore.) said Bernanke "helped set the fire that destroyed our economy." Only helped, that is -- and we all know whom he helped. -
Consumer credit decline eases
Posted: February 5th, 2010, 1:24pm MST
Consumer credit declined in December for the 11th straight month, but the pace slowed considerably, according to a government report released Friday. -
No Senate deal on consumer financial protection
Posted: February 5th, 2010, 1:02pm MST
The fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support. -
Countdown to a new job ... 211 days
Posted: February 5th, 2010, 12:24pm MST
It's no wonder unemployed workers are getting discouraged: It's never taken longer to find a new job. -
Job Growth
Posted: February 5th, 2010, 9:26am MST
March 5 -
Home Prices
Posted: February 5th, 2010, 9:13am MST
Feb. 23 -
What happens if China's 'bubble' pops?
Posted: February 5th, 2010, 8:20am MST
World-renowned short seller Jim Chanos -- the hedge fund manager who called the fall of Enron and the systemic problems cause by subprime mortgages --recently turned his gimlet eye on China. He saw a country whose rapid rise was hiding massive flaws: grossly inflated real estate prices, irresponsible construction lending, massive overbuilding, a banking system larded with bad loans, and unreliable government data. Fitch Ratings weighed in this week saying that China's banks face the greatest "bubble risk" of any Asian country. -
Jobs will grow in 2010, but then what?
Posted: February 5th, 2010, 8:14am MST
Despite modest January job losses the good news for job seekers is that after a brutal recession that swallowed stimulus packages whole with barely a burp, the business cycle is finally your friend in 2010. -
How Obama got Keynes wrong
Posted: February 5th, 2010, 8:04am MST
The Obama White House likes to say that the theories of John Maynard Keynes form the foundation for its fiscal policies. Most notably, it draws upon the legendary British economist's idea of spending big to pull out of a recession. -
Out of work, burnt out, giving up
Posted: February 5th, 2010, 7:59am MST
The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. -
Europe's PIGS don't fly
Posted: February 5th, 2010, 7:37am MST
Bets against the fiscally unfit are multiplying, and there's no telling where they will stop. -
Job losses continue but rate falls
Posted: February 5th, 2010, 7:19am MST
The government's monthly job report on Friday showed that the disastrous labor situation plaguing the nation's economy is moderating. But the report also underlines an unsettling reality: 8.4 million jobs have been vaporized since the recession began, and digging out won't be easy. -
Out of work, burnt out, giving up
Posted: February 4th, 2010, 2:40pm MST
The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. -
Pizza is king for Super Bowl bellies
Posted: February 4th, 2010, 12:18pm MST
Super Bowl Sunday happens to be one of the hungriest days of the year for pizza-lovers, which means a nationwide windfall for pizzerias. -
$1.9 trillion debt limit hike likely
Posted: February 4th, 2010, 12:03pm MST
The House on Thursday approved a record-level increase in the cap on how much the government can borrow. -
Senate ready to tackle jobs
Posted: February 4th, 2010, 10:17am MST
Senate Democrats are expected to take up President Obama's call and start rolling out their job creation package by week's end. -
America's shopping again
Posted: February 4th, 2010, 8:07am MST
Several leading retail chains reported January same-store sales numbers Thursday that beat expectations, bolstering talk of a budding rebound at the nation's malls and discounters. -
Sculpture sets world record for price - $104.3M
Posted: February 4th, 2010, 7:18am MST
A bronze sculpture of a man walking sold for $104.3 million at auction in London, setting a new world record for the highest price paid for a work of art, Sotheby's said Thursday. -
Unemployment filings head higher
Posted: February 4th, 2010, 7:08am MST
The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday. -
Home energy retrofits: The bottom line
Posted: February 4th, 2010, 3:15am MST
Investing to make your home more energy efficient may lower the bills, but it may not boost its price, partly because these investments aren't fully valued by appraisers. -
Poof: Another 800,000 jobs disappear
Posted: February 4th, 2010, 1:59am MST
As bad as the government's jobs readings numbers have been during the Great Recession, we'll soon find out the real situation likely was worse. -
Consumers paying credit card over mortgage
Posted: February 3rd, 2010, 4:05pm MST
When faced with a financial crisis, consumers more often are opting to pay their credit-card bills first before turning to their mortgage payments, according to a report released by Trans Union Wednesday. -
Senate ready to tackle jobs
Posted: February 3rd, 2010, 1:43pm MST
Senate Democrats are expected to take up President Obama's call and start rolling out their employment creation package by week's end. -
Reversing the jobs wipeout: What $5,000 can do
Posted: February 3rd, 2010, 10:11am MST
America's smallest businesses shed another 12,000 workers last month, extending a two-year streak in which job losses have mounted every month, according to a report released Wednesday by payroll processor ADP. -
Welcome to the 'just okay' market
Posted: February 3rd, 2010, 9:40am MST
The bears seized control of the market in January. But so far, the bulls are making a claim for victory in February. Who will win out for the remainder of the year? -
January job cuts hit 5 month high
Posted: February 3rd, 2010, 5:35am MST
A report Wednesday from Automatic Data Processing suggested that the pace of job cuts may be slowing, while a separate report from Challenger said planned layoffs hit a 5-month high in January. -
Senators cool to 'Volcker rule'
Posted: February 2nd, 2010, 5:17pm MST
The fate of President Obama's latest proposal to rein in banks was thrown into doubt on Tuesday after it got a chilly reception from key lawmakers. -
New contender for world's largest yacht
Posted: February 2nd, 2010, 11:14am MST
The mega yacht business has been slow recently, but at least one luxury shipbuilder appears to be betting on a rebound. -
Health care's new hidden danger
Posted: February 2nd, 2010, 10:37am MST
In the battle over health care reform, two ideas seems to bridge the divide between Democrats and Republicans: Private insurers should be required to cover Americans with pre-existing conditions and be banned from charging older, sicker people much more. But where the two camps jibe could also cause the most damage to health care. -
Urban unemployment grows
Posted: February 2nd, 2010, 8:55am MST
The number of U.S. metropolitan areas with jobless rates above 15% increased in December, according to government figures released Tuesday. -
Battle brews over hourly jobs
Posted: February 2nd, 2010, 8:51am MST
The next time you're asked if you want fries with that, you may be surprised at who's behind the counter. -
Next in line for a bailout: Social Security
Posted: February 2nd, 2010, 8:31am MST
Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system. -
Obama's budget: Impact on your taxes
Posted: February 2nd, 2010, 5:49am MST
President Obama, in his proposed 2011 budget, is calling on Congress to make a number of tax changes for individuals. -
Obama's climate change police
Posted: February 2nd, 2010, 2:14am MST
The Copenhagen climate talks went nowhere. The Senate's attempt to pass a global warming bill appears stuck. But that's doesn't mean greenhouse gas laws aren't coming. -
Bang for the buck. Finally.
Posted: February 2nd, 2010, 1:54am MST
No matter what dollar doomsayers might say, the greenback's not done yet. -
Stimulus: The secret sequel
Posted: February 1st, 2010, 2:04pm MST
They're not calling it Stimulus 2, but the Obama administration wants to extend the life of several Recovery Act provisions by building them into the federal budget. -
Is the American Red Cross worthy of our donations?
Posted: February 1st, 2010, 12:49pm MST
Haiti's catastrophe has triggered an outpouring of support for the American Red Cross, which has raised more than $203 million for its Haiti Relief and Development fund in just three weeks, far more than any other charitable organization. -
Forest fires and carpeting: Where stimulus $ went
Posted: February 1st, 2010, 10:30am MST
From fighting forest fires to laying carpet in day care centers, here's what 5 small businesses that got stimulus-funded contracts are doing with taxpayers' dollars. -
Obama maps route to lower deficits
Posted: February 1st, 2010, 4:13am MST
In his $3.8 trillion budget for next year, President Obama on Monday laid out how Congress can lighten the country's debt load. -
Obama to unveil $3.8 trillion budget
Posted: February 1st, 2010, 4:05am MST
President Obama revealed a $3.8 trillion budget for 2011 on Monday that tries to balance two competing goals: continued government spending to boost the fragile economic recovery and controlling the nation's deficit. -
Bailout cop: TARP's not working
Posted: January 31st, 2010, 9:06am MST
The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness. -
Stimulus pays for 600,000 jobs
Posted: January 30th, 2010, 9:04pm MST
The White House's massive stimulus plan funded 599,108 jobs in the fourth quarter, administration officials said Saturday. -
Banks in Florida, Georgia and Minnesota fail
Posted: January 29th, 2010, 4:52pm MST
Regulators shuttered six banks Friday night, notching up 15 failed banks in the first month of in 2010. -
Why Obama's export push won't save jobs
Posted: January 29th, 2010, 8:02am MST
In one of his many applause lines at Wednesday night's State of the Union address, President Obama emphasized the importance of American exports: "Tonight, we set a new goal," he said, "We will double our exports over the next five years, an increase that will support two million jobs in America." It's no surprise that people cheered; what's not to like? There's just one problem: Growing exports is almost entirely out of the president's -- and even business's -- hands. -
Stop blaming Big Business
Posted: January 29th, 2010, 7:16am MST
The top-grossing movie in the world, Avatar, is on screens now, and it clearly identifies the most evil force in the universe. It's business. -
Best economic growth in six years
Posted: January 29th, 2010, 7:01am MST
Feb. 26 -
Gates' $10 billion shot in the arm for vaccines
Posted: January 29th, 2010, 6:24am MST
Bill and Melinda Gates said Friday that their foundation it will spend $10 billion over 10 years to develop and deliver vaccines for the world's poorest nations in the largest donation ever to a single cause. -
Obama: Here's $5,000. Go hire someone.
Posted: January 28th, 2010, 6:27pm MST
When President Obama called last month for a new tax break to spur job creation, critics blasted him for offering no specifics. On Friday, Obama plans to fill in the details: He wants to give businesses a $5,000 tax credit for each net new employee they hire this year. -
Geithner: 'I'll carry the burden' of AIG forever
Posted: January 28th, 2010, 4:14pm MST
A day after facing furious lawmakers on Capitol Hill, Treasury Secretary Tim Geithner told CNN on Thursday that he would forever "carry the burden" of the decision to bail out AIG but defended it as the government's only option. -
Yet another try at foreclosure rescue
Posted: January 28th, 2010, 12:46pm MST
Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification. -
Vote on Bernanke expected to be close
Posted: January 28th, 2010, 11:10am MST
Federal Reserve Chairman Ben Bernanke was confirmed for a second term Thursday by the U.S. Senate. -
Senate hikes debt cap by $1.9 trillion
Posted: January 28th, 2010, 11:03am MST
The Senate on Thursday raised the cap on how much the government can borrow to a record level. -
Time for Tim Geithner to go
Posted: January 28th, 2010, 10:10am MST
The shelf life for a Treasury Secretary is often pretty short. Timothy Geithner may be nearing his expiration date. -
Stimulus 'fraud will occur'
Posted: January 28th, 2010, 8:45am MST
Kentucky construction magnate Leonard Lawson is on trial this week in Lexington federal court for allegedly bribing the state's Transportation secretary during the past decade to win big highway and road projects. But that didn't stop Lawson family companies from winning $24-million dollars in federal Recovery Act contracts! -
Employment outlook gets a little brighter
Posted: January 28th, 2010, 8:20am MST
The employment picture will brighten a little in 2010, with most employers saying they will hire this year and the percentage planning workforce reductions down a bit, according to a survey published Thursday. -
Unemployment claims drop
Posted: January 28th, 2010, 6:39am MST
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday. -
Get an unpaid internship or wait tables?
Posted: January 28th, 2010, 3:11am MST
Dear Annie: Please settle an argument. I'm a junior in college, studying engineering, and I have two choices for what to do this summer. One is, I could wait tables at the same upscale restaurant where I worked last year, and earn enough tips to pay my tuition for my entire senior year. -
Wilmington pins hopes on stimulus
Posted: January 28th, 2010, 2:55am MST
In downtown Wilmington, a brightly colored flag with the word "OPEN" serves as a sign of both hope and despair. -
Las Vegas: Most foreclosures of any city in 2009
Posted: January 28th, 2010, 1:42am MST
Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona. -
Obama: Small steps on deficits
Posted: January 27th, 2010, 8:53pm MST
President Obama walked a financial tightrope in his State of the Union address on Wednesday. -
Fed: Recovery gaining strength
Posted: January 27th, 2010, 12:36pm MST
The Federal Reserve said the U.S. economy continues to show signs of modest improvement but signaled it will stay the course and keep interest rates low to help spur a recovery. -
Hired! Score a job by paying it forward
Posted: January 27th, 2010, 10:11am MST
Job fairs are notorious for long lines and lackluster results, but that doesn't mean they can't lead you to a job. -
Washington scrambles to create jobs
Posted: January 27th, 2010, 10:10am MST
Boosting employment tops the to-do list in Washington this year. -
Roubini warns of asset bubbles
Posted: January 27th, 2010, 10:09am MST
Economist Nouriel Roubini said Wednesday that asset bubbles are beginning to form in markets around the world, and he called for more regulation of the global financial system. -
Big vote on Bernanke confirmation is set
Posted: January 27th, 2010, 9:55am MST
The confirmation drama surrounding Ben Bernanke is coming to a showdown. -
Stimulus but no jobs
Posted: January 27th, 2010, 8:14am MST
The $787 American Recovery and Reinvestment Act is supposed to help jump-start the economy and especially put Americans back to work. But the truth is, relatively little of the stimulus spending has directly led to new hiring. -
New home sales hit 9-month low
Posted: January 27th, 2010, 8:13am MST
New home sales plunged to a 9-month low in December, according to a government report issued Wednesday. -
How Uncle Sam will profit from TARP
Posted: January 26th, 2010, 3:58pm MST
Guess what? The federal government will make money on bailing out the banks. -
Bank of America steps up foreclosure prevention efforts
Posted: January 26th, 2010, 3:32pm MST
One roadblock slowing Obama's foreclosure prevention program seems to be clearing up. Bank of America, the nation's largest mortgage lender, announced Tuesday that it was the first lender to sign an agreement to lower or eliminate payments on second mortgages. -
Stimulus is now $75 billion more expensive
Posted: January 26th, 2010, 12:06pm MST
The Congressional Budget Office hiked its forecast Tuesday for how much the stimulus bill will add to the nation's deficit, raising its estimate by $75 billion to $862 billion. -
Senate nixes debt commission
Posted: January 26th, 2010, 10:52am MST
The Senate on Tuesday rejected a proposal to create a bipartisan commission charged with reining in the country's debt. -
'Daunting' outlook will mean bulging deficits
Posted: January 26th, 2010, 8:53am MST
The U.S. government's fiscal outlook is "daunting," with deficits averaging at least $600 billion a year over the next decade, the Congressional Budget Office said Tuesday. -
Japan's debt rating could be cut
Posted: January 26th, 2010, 8:38am MST
Credit rating agency Standard & Poor's raised the prospect of a downgrade in Japan's sovereign debt rating Tuesday. That's reigniting fears that the U.S. could be next. -
Spend. Cut. Obama's tough spot on debt
Posted: January 26th, 2010, 8:00am MST
President Obama's State of the Union address will raise the curtain on how he plans to tackle the unsustainable growth in U.S. debt over the next decade. -
Home prices: First drop in 7 months
Posted: January 26th, 2010, 7:21am MST
Home prices fell in November for the first time in seven months, according to a industry report released Tuesday.