Economy, Economic Crisis | featured news

The plan is budgeted at $789 billion, which is smaller that original bills passed by each chamber. It could be sent to President Obama for his signature by the end of the week.

House and Senate negotiators have struck a deal on a final version of a sweeping economic recovery package.

House members want the eight big banks to increase their lending and explain what they are doing with the taxpayers’ money.

Geithner acknowledged the government's missteps in dealing with the financial crisis, but he warned that unprecedented intervention is needed.

House, Senate leaders scale plan down to $789.5B, a net reduction of almost $40B from what the Senate approved yesterday, senior adviser says.

After a 61-to-37 vote that was largely along party lines, negotiations with the House over the $838 billion bill will begin.

Whirlpool's net income fell a 76% as sales and margins dropped on falling appliance purchases and higher costs.

Nissan Motor Co. Monday said it has swung to a fiscal third quarter loss on a "severe downturn in the global economy" and the impact of a strengthened yen, adding the deterioration in business conditions forced the Japanese auto major to slash its full-year profit and revenue forecasts.

Chafing over congressional delays, an energized President Barack Obama on Monday rallies supporters in Indiana and addresses his first presidential news conference in a new drive for passage of an $800 billion economic recovery plan.

Obama's new Treasury chief favors aggressive use of all available tools to bolster the U.S. economy.

As Ireland's overheated property market crumbles, even Guinness is feeling the pain and putting plans to build a superbrewery on hold.