Jobless rate surges past 10 percent

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Unemployment rate breaks through 10%

Friday, Nov. 6, 2009

The nation's unemployment rate soared to 10.2 percent last month as the economy lost another 190,000 jobs, the Labor Department reported Friday morning.

Bankrupt CIT unlikely to get 2nd bailout

Monday, Nov. 2, 2009

CIT Group Inc., the nation's largest lender to small businesses, filed for bankruptcy reorganization Sunday in the biggest financial failure this year and first major test of the administration's resolve not to bail out every struggling institution that asks for help.

Economic growth boosted by small U.S. programs

Most stimulus impact muted

Friday, Oct. 30, 2009

Economic growth roared back at a 3.5 percent pace in the summer quarter, thanks to two powerful but relatively inexpensive stimulus measures targeted at consumers. But the vast majority of the $787 billion stimulus that went toward funding government programs had a more muted impact, according to economic figures released Thursday.

Economic growth spikes to 3.5% in 3Q

Thursday, Oct. 29, 2009

UPDATED: Economic growth came roaring back in the summer quarter, registering at a 3.5 percent pace and raising hopes that the economy is entering a recovery after the longest recession since World War II, the Commerce Department reported Thursday morning.

Congress fears risk of economic relapse

Eyes housing, jobless aid

Wednesday, Oct. 28, 2009

Fear that the economy might fall back into recession is compelling Congress to extend unemployment benefits and incentives for homebuying that lawmakers hope will help sustain growth.

Feds to slash bankers' pay, spurs debate

Hopes to quell public outcry

Friday, Oct. 23, 2009

The government moved in a sweeping and unprecedented way Thursday to curb the pay of executives at banks and Wall Street firms that contributed to last year's global economic crisis.

Fed proposes bank-pay guidelines

Thursday, Oct. 22, 2009

The Federal Reserve on Thursday moved to limit risky pay practices at all the nation's banks even as the Treasury's executive paymaster announced drastic cuts in pay for the biggest government bailout recipients.

Pay czar to slash bailout banks' salaries

Thursday, Oct. 22, 2009

Heeding the public backlash against corporate bailouts, the Treasury's executive paymaster Kenneth Feinberg is preparing to slash by half the pay of top executives at the seven biggest beneficiaries of government aid.

Easy-money mortgages still provided, by the feds

High-risk loans guaranteed

Monday, Oct. 19, 2009

So you thought easy-money mortgages with little or no down payment for people with bad credit was a thing of the past? Think again.