Economic Crisis | featured news

Republicans in the Senate accepted on Thursday President Barack Obama's offer to search for a compromise on an economic stimulus bill that could end up costing around $900 billion, as long as tax cuts play a large role.

A family of four, including two small children, were found dead in their single-story Ohio home in what police believe was a murder-suicide after the father lost his job.

Kodak announced plans to cut between 3,500 and 4,500 jobs, or 14% to 18% of its work force, amid weak sales.

Boeing Co reported an unexpected fourth-quarter loss on Wednesday and said it is targeting 10,000 job cuts this year.

If you only read one critique of the stimulus plan today, check out the Journal's editorial, which concludes that of the $825 billion that's being spent, only 12%, or $90 billion, could legitimately be considered stimulative.

The President 's expansive and expensive plan to jump-start the economy is all but certain to clear its first hurdle when the Democratic-controlled House votes on a $825 billion version later today.

Up to 51 million jobs worldwide could disappear by the end of this year as a result of the economic slowdown that has turned into a global employment crisis, a United Nations agency said on Wednesday.

President's advisers debate perilous choices to right economy, all of which may prove unpopular and even carry a significant risk of failure.

A man shot and killed his wife and five young children before taking his own life Tuesday, possibly out of despair from losing a job, the authorities said.

In a rare move, the president was meeting with the Republican conference in an effort to draw support for his $825 billion economic stimulus plan.