Economy, Economic Crisis | featured news

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....

Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.

President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.

The Federal Reserve signaled on Wednesday that it isn’t close to raising interest rates, saying the economy remains weak.

President Obama said Monday the public and private sectors must find more ways to create jobs to continue the U.S. climb out ...

Mucking out sewers, freezing on crab boats and scraping up roadkill hardly qualify under most traditional definitions of entertainment.

A new season of “30 Rock” begins Thursday on NBC with comical reminders that the economic meltdown hasn’t blown over.

The worst U.S. economic recession in 70 years is forcing senior citizens out of retirement, leaving them fighting for jobs in a weak labor market or risk homelessness, according to a private study.

The U.S. manufacturing sector grew in August for the first time in over a year and a half, while pending home sales surged to a two-year high in July, adding to mounting evidence the longest economic slowdown since the Great Depression is ending.

Once an industry laughingstock, S. Korean automaker sells value as its rivals falter.