Justices to weigh mutual fund pay case

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Stocks drop as consumers stop buying

Saturday, Oct. 31, 2009

Consumer spending took a discouraging turn for the worse in September, casting doubt on the strength of the economic recovery, raising fears of a dismal holiday shopping season and sending the stock market sharply lower.

Tax credit boosts home sales

Saturday, Oct. 24, 2009

Fueled by the soon-to-expire $8,000 first-time homebuyer tax credit, sales of existing homes jumped in September - registering their biggest monthly percentage increase since 1983.

Priming the pump, Iraq seeks foreign investment to rebuild

Friday, Oct. 23, 2009

Iraqi leaders facing increasing internal pressure to ramp up oil production and rebuild their war-ravaged country converged on Washington this week to encourage foreign investors to help finance reconstruction costs estimated to be $400 billion.

September unemployment rate rises in 23 states

Thursday, Oct. 22, 2009

Even as the manufacturing and service sectors of the U.S. economy simultaneously expanded in September for the first time since the recession began in December 2007, payrolls declined in 43 states last month, pushing up the unemployment rates in 23 of them.

Manufacturing recovery likely slow to come

Monday, Oct. 19, 2009

American manufacturers have started to come back, but manufacturing's recovery will likely be slow, and job losses will continue to mount for quite some time, economists and manufacturing executives say.

Bank failures drain FDIC insurance

Fund in red for only 2nd time

Sunday, Oct. 18, 2009

Nearly 100 banks have failed so far this year, pushing the Federal Deposit Insurance Corp.'s insurance fund into the red for only the second time since its founding in 1933.

'09 budget deficit tripled to $1.4 trillion

Biggest gap since 1945

Saturday, Oct. 17, 2009

The federal budget deficit more than tripled to $1.4 trillion in the fiscal year that ended last month, the Treasury Department confirmed Friday.

American woman shares Nobel in economics

Tuesday, Oct. 13, 2009

Two American professors, Elinor Ostrom and Oliver Williamson, shared the 2009 Nobel Prize in economics for their pioneering work in explaining how economic decisions are made outside of markets, which are the focus of most economic research.

Experts doubt White House budget forecast

Monday, Oct. 12, 2009

A lot of things have to go right for the White House to meet its budget projections for the next decade, including getting a firm grip on discretionary spending and keeping a tight lid on interest rates.