Economy, Economic Crisis | featured news

Financial stocks lead a pullback as investors look for clues about the economy.

Five weeks into an administration already marked by dramatic highs and lows, President Obama sounded a note of hope at a time of crisis tonight, delivering an address to a joint session of Congress heavily focused on the ailing economy and how to fix it.

President Obama was expected to appeal to the determination and optimism of the American people on Tuesday evening.

Federal Reserve chairman Ben Bernanke warns Congress that the US recession may last beyond the end of the year.

Major U.S. stock market indexes tumbled more than 3% today to their lowest levels in more than a decade as confidence in the financial system and the overall economy continued to deteriorate.

U.S. President Barack Obama sought on Monday to bolster political support for the $787 billion economic package, telling the nation's governors that the money would go out quickly and be spent wisely.

An array of Republican governors said they would reject at least some of the funding available under the Obama administration's economic-stimulus package.

The president, meeting with U.S. mayors at the White House, vows to use his full power to expose any misuse of the $787 billion in economic stimulus dollars.

Falling 89 points isn't a dramatic one-day drop, but last time index closed lower was March '03.

An Ohio man who told a sheriff's dispatcher he had money problems strangled his wife and 11-year-old son, then shot and killed himself, authorities said Wednesday.