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  • Lawmakers rush to help jobless Friday, November 21, 2008 @ 4:24AMWASHINGTON Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing into the new year for a million or more laid-off Americans whose benefits are running out.
  • FDIC says foreclosure relief a must Friday, November 21, 2008 @ 4:07AMFDIC Chairman Sheila Bair said Thursday she is "still hopeful" of using federal bailout money to help homeowners avoid foreclosure.
  • Fannie, Freddie suspend foreclosures during holiday season Friday, November 21, 2008 @ 12:24AMFannie Mae and Freddie Mac announced Thursday that they are temporarily suspending foreclosures and evictions during the holiday season in an effort to keep people from losing their homes.
  • Fannie, Freddie suspend evictions through January Friday, November 21, 2008 @ 12:24AMFannie Mae and Freddie Mac announced yesterday that they are temporarily suspending foreclosures and evictions during the holiday season in an effort to keep people from losing their homes.
  • San Bernardino County allocates $22.8 million to ease foreclosure crisis Friday, November 21, 2008 @ 12:22AMSan Bernardino County is trying to stem housing market woes by tapping into a federal program that will free up money for home buyers who want to purchase foreclosed houses.
  • Congress rushes to extend jobless benefits Friday, November 21, 2008 @ 12:21AMWASHINGTON | Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out.
  • AP Financial NewsBrief at 12:50 a.m. EST Friday, November 21, 2008 @ 12:19AMBANGKOK, Thailand (AP) _ Most Asian markets rebounded Friday after days of sharp declines in global markets as investors scooped up battered financial and technology shares.
  • A gift from Fannie Mae and Freddie Mac Friday, November 21, 2008 @ 12:13AMMortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.
  • In brief Friday, November 21, 2008 @ 12:07AMGMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government’s $700 billion bank rescue plan.
  • Economy Hitting Women Hardest, Say Experts Friday, November 21, 2008 @ 12:02AMWASHINGTON, Nov 20 (OneWorld) - Women are being disproportionately affected by the U.S. mortgage crisis and economic plunge, said a panel of women leaders Wednesday, urging a strong woman-focused response from the federal government.
  • Fannie Mae, Freddie Mac suspending foreclosures Friday, November 21, 2008 @ 12:00AM(By Dawn Kopecki, Bloomberg News) Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, will suspend foreclosures and evictions over the holidays. The six-week halt will begin Wednesday, a day before the U.S. Thanksgiving holiday, and last through Jan. 9, the companies said in separate statements Thursday. The hiatus is designed to give servicers more time to ...
  • US thrifts lost $4 billion in 3rd quarter; set aside $7.9 billion for problem loans Thursday, November 20, 2008 @ 2:08PMWASHINGTON (AP) - U.S. thrifts lost $4 billion in the third quarter as they set aside $7.9 billion to cover losses from bad mortgages and other loans, their government regulator said Thursday.
  • Mortgage rates down for 3rd straight week Thursday, November 20, 2008 @ 2:07PMMortgage rates fell for the third week in a row amid reports of record-high job losses, weak retail sales and a home-construction market in a deep slump.
  • FDIC chief renews calls for foreclosure relief Thursday, November 20, 2008 @ 1:54PMBALTIMORE - FDIC Chairman Sheila Bair said today she is "still hopeful" of using federal bailout money to help homeowners avoid foreclosure. "The issue is...
  • Global Stocks Tumble on Economy Concerns; Yen, Treasuries Rally Thursday, November 20, 2008 @ 9:37AMNov. 20 (Bloomberg) -- Stocks slumped, sending the MSCI World Index to the lowest level since 2003, on concern bank losses will increase and corporate profits will crumble as the recession spreads. Treasuries and the yen rallied.
  • Loudoun Faces Deeper Shortfalls On All Fronts Thursday, November 20, 2008 @ 9:26AMAs more bad financial news is reported on the national and international levels each week, Loudoun is also feeling the pinch as its revenues continue to fall.
  • Local Leads: Layoffs, Hirings and a Barking Dog Thursday, November 20, 2008 @ 9:05AM Need a quick look at D.C.-area news? Local Leads is your one-stop shop. Read it. Use it. Love it.
  • Mass. Foreclosures Up Nearly 70-Percent This Year Thursday, November 20, 2008 @ 8:41AMForeclosure deeds spiked more than 24 percent between September and October in Massachusetts, but there were fewer petitions to foreclose, which is the first step in the process.
  • (AFX UK Focus) 2008-11-20 13:58 FDIC home loan plan may get TARP funds soon - Bair Thursday, November 20, 2008 @ 8:07AMBALTIMORE, Nov 20 (Reuters) - The chairman of the Federal Deposit Insurance Corp said she expects the agency will be able to get funds from the $700 billion bailout fund to launch its proposed home loan modification program "very quickly." Chairman Sheila Bair has proposed preventing about 1.5 million foreclosures under a plan that would reward participating lenders by sharing the cost of ...
  • Mortgage lifeline for borrowers Thursday, November 20, 2008 @ 8:02AMYou may have seen headlines about the latest public and private efforts to help financially distressed homeowners cope with their mortgage payments. But you might not have caught key details that could have personal impact on you or people you know –– now or in the recession months ahead.
  • Food pantries try to keep up with struggling economy Thursday, November 20, 2008 @ 5:11AM People from all walks of life, your next-door neighbor, the family down the street, even a co-worker, may be finding themselves struggling this holiday season to put food on the table and gifts under the tree.
  • Global Stocks, U.S. Index Futures Fall; Yen, Treasuries Rally Thursday, November 20, 2008 @ 5:05AMNov. 20 (Bloomberg) -- Stocks slumped, sending the MSCI World Index to the lowest level since 2003, on concern bank losses will increase and corporate profits will crumble as the recession spreads. U.S. index futures dropped, while Treasuries and the yen rallied as investors shunned riskier assets.
  • Downturn may offer lower prices Thursday, November 20, 2008 @ 4:50AMWASHINGTON  — American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, got a small dose of relief: lower prices at stores.
  • Study Links Fast-Food Ads To Child Obesity Thursday, November 20, 2008 @ 4:46AMResearchers say banning fast food ads on TV could slash the rate of childhood obesity by up to 18 percent.
  • Recession may depress prices further Thursday, November 20, 2008 @ 4:10AMWASHINGTON -- Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.
  • A Son of Detroit Takes on Detroit Thursday, November 20, 2008 @ 12:37AMTo the Editor:.
  • No cost change with health reform, local experts say Friday, November 14, 2008 @ 7:34PMWith the election decided and new health care options promised, two local medical professionals said sweeping reform of the nation’s medical system might not cost any more than what already goes into the system.
  • Corporate woes cast shadow over world marts Wednesday, November 12, 2008 @ 10:02PMTOKYO : World markets remained in cautious mood Wednesday as fears mounted that the financial crisis will claim casualties among some of America’s biggest corporate giants.
  • US focuses on massive rescue plan Wednesday, November 12, 2008 @ 9:48PMUS authorities have scrapped plans to buy up toxic mortgage securities and are shifting the focus of a massive financial rescue plan.
  • U.S. backs away from plan to buy bad assets Wednesday, November 12, 2008 @ 9:47PMWASHINGTON (Reuters) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets.
  • Feds to help fight foreclosure Wednesday, November 12, 2008 @ 9:23PMThe government announced a new plan Tuesday designed to help struggling homeowners fighting foreclosure stay in their homes. Federally backed mortgage giants Fannie Mae and Freddie Mac will work with qualified customers to help people avoid foreclosure.
  • FSN plans program on fighting foreclosure Wednesday, November 12, 2008 @ 9:10PM While the federal government wrangles over programs to fight the mortgage crisis, the problems continue, with Branch County Register of Deeds Nancy Hutchins reporting 218 foreclosures this year as of Tuesday.
  • 18 Killed In Toy-Related Incidents Wednesday, November 12, 2008 @ 9:09PMGovernment figures show toys played a part in the deaths last year of at least 18 children younger than 15 years old.
  • State?s Top Judge, Now 70, Gives Her Farewell Speech Wednesday, November 12, 2008 @ 8:50PMJudith S. Kaye, the longest-serving chief judge in the state?s history and the first woman to hold the job, has not endorsed a successor.
  • How much can a president do? Monday, November 10, 2008 @ 5:13AMNEW YORK – How much can the president – one man – shape the U.S. economy, a $14.4 trillion tangle.
  • Obama offers new proposals to help economy Monday, November 10, 2008 @ 4:56AMTOLEDO, Ohio — Democrat Barack Obama proposed more immediate steps Monday to heal the nation’s ailing economy, including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
  • Jobless ranks hit 10 million, most in 25 years Saturday, November 8, 2008 @ 5:05AMWASHINGTON (AP) — A quarter of a million pink slips, just before the holidays.
  • Economy tops Obama agenda Saturday, November 8, 2008 @ 4:30AMPresident-elect Obama warned that the nation faces the challenge of a lifetime and pledged he would act urgently to help Americans devastated by lost jobs, disappearing savings and foreclosures.
  • 75 Years Later, a Nation Hopes for Another F.D.R. Saturday, November 8, 2008 @ 4:26AMIn the face of an economic abyss, America is in need of a leader like Franklin D. Roosevelt who can both unite and inspire.
  • Jobless ranks hit 10 million, most in 25 years Saturday, November 8, 2008 @ 4:20AMWASHINGTON (AP) - A quarter of a million pink slips, just before the holidays. Assembly line workers, construction crews, sales clerks, hotel employees, mortgage brokers and temps. All hard hit last month, the government said Friday.
  • Jobless ranks hit 10 million Saturday, November 8, 2008 @ 4:15AMWASHINGTON The nations jobless ranks zoomed past 10 million last month, the most in a quarter-century, as piles of pink slips shut factory gates and office doors to 240,000 more Americans with the holidays nearing. Politicians and economists agreed on a painful bottom line: Its only going to get worse.
  • GMAC Leaves Individuals Holding Car Lender’s Junk (Update2) Friday, November 7, 2008 @ 12:43PMNov. 7 (Bloomberg) -- GMAC LLC may leave thousands of individuals on the hook for about $15 billion of junk-rated debt unless the auto and home lender finds a way to pay its bills.
  • At Least 2 Killed In Haiti School Collapse Friday, November 7, 2008 @ 12:30PMA least two people are killed when a school collapses in Haiti.
  • The Housing Crisis Remains Barack Obama’s Most Immediate Problem Friday, November 7, 2008 @ 12:11PMThere are possible solutions to the problem, but the president-elect must move quickly.
  • Taxpayers face daunting changes in tax code Friday, November 7, 2008 @ 12:07PMWith a battered stock market, failing banks, rampant foreclosure rates and corporate misconduct, an unlikely hero is emerging on the American horizon...the certified public accountant (CPA).
  • 240,000 Jobs Cut In October Friday, November 7, 2008 @ 11:39AMThe unemployment rate bolts to a 14-year high of 6.5 percent in October as employers cut 240,000 jobs.
  • COURTS: Feds file criminal charges in foreclose ring Friday, November 7, 2008 @ 2:44AMRIVERSIDE ---- Prosecutors are charging two Murrieta residents with mortgage fraud, the first criminal charges to follow a series of civil lawsuits by former clients and government regulators.
  • Small businesses, citizens feel heat from slow economy Friday, November 7, 2008 @ 2:30AMIn the last presidential debate between Sens. John McCain and Barack Obama, the two sparred heavily over the economy and why their respective plans would be better than their opponent’s. They made several references to “Joe the Plumber,” which referred to small businesses.
  • Small businesses, citizens feel heat from slow economy Friday, November 7, 2008 @ 2:30AMIn the last presidential debate between Sens. John McCain and Barack Obama, the two sparred heavily over the economy and why their respective plans would be better than their opponent’s. They made several references to “Joe the Plumber,” which referred to small businesses.
  • Recount planned in Brooklyn Park City Council race Friday, November 7, 2008 @ 2:13AMA recount is planned in a close race between incumbent Mark Mata and challenger Peter Crema for the East District seat on the Brooklyn Park City Council.