Consumer Spending Up, Sign of Decent Recovery

Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent, but not spectacular pace.

Economy to Dominate Obama's State of the Union

Restoring the economy and creating jobs will be the main themes of President Barack Obama's first State of the Union address. AP correspondent Julie Pace looks at Obama's attempt to reconnect with the American people.

Dec. Home Sales Sink; Prices Plunged in 2009

Sales of previously occupied homes dropped nearly 17 percent in December, the biggest monthly decline in 40 years.

Pending Home Sales Fall 16 Percent in Nov.

The number of people preparing to buy a home in November fell sharply in the latest sign that the housing market, which had been rebounding strongly, may be headed for a "double-dip" downturn over the winter.

Money Minute: Economy Grows Again

New government figures show the economy growing, but jobs remain a problem, Exxon Mobil's falling profit and the latest on mortgage rates.

Money Minute: Consumers, Home Buyers, Economy

The House Financial Services Committee has voted to create a federal agency to protect consumers from predatory lending, abusive overdraft fees and unfair rate hikes.

Money Minute: Eli Lilly, Cyber Crime, Economy

Drugmaker Eli Lilly says it will eliminate 5,500 jobs in order to slash costs.

Weekly Address: Necessary Reform, Absurd Attacks

President Barack Obama calls health insurance reform critical to our nations long-term economic strength and dispels the outlandish rumors being promoted by those who are defending the status-quo.

Job Losses Slow to 247,000; Jobless Rate Dips

Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.

This Economic Storm Will Pass

The President discusses the state of the economy amidst positive signs from the GDP. Making clear that this is little comfort to those struggling, he notes that we appear to have averted an even worse disaster and offers hope for the time ahead.

Weekly Address: Recovery and the Jobs of the Future

The President explains how the Recovery Act helped end our economic free fall, and how his agenda is helping to set a new foundation for our economy. From health reform, to energy, to creating the jobs of the future, the Presidents proposals will make our economy stronger for both the current generations and our children, all in a way that will get our deficits under control.

Jobless Rate Bolts to 8.1 Percent

The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.

Consumer Confidence Plummets to New Low

Confidence in the economy sank to new lows in February as consumers grow more fearful over massive job cuts and shrinking retirement accounts.

Rise in Consumer Prices Largest Since July

Consumer prices rose modestly in January, propelled by higher energy costs, but most economists and the government believe the recession will keep prices in check this year.

Fed Pledges to Use All Tools to Help Economy

The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."

Money Minute: Job Cuts, Job Cuts, Job Cuts

It's shaping up to be another lousy year for workers, with more companies expecting to cut payrolls.

Businesses Fight to Stay Open in Tough Economy

Small business owners across the country wondering how long they can survive as they struggle to draw in customers. On Thursday, President-elect Barack Obama urged Congress to act quickly on a plan aimed at reviving the U.S. economy.

Obama Warns of Consequences Without Stimulus

President-elect Barack Obama warned of dire and lasting consequences if Congress doesn't pump unprecedented dollars into the economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since his election.

Paulson: Other Rescue Programs Being Examined

Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.

Obama Talks Economic Mess in Video Address

President-elect Barack Obama urged Congress to get moving next week on an economic rescue plan that would extend jobless benefits among other actions. The radio address was also videotaped and posted online.