Your Money: The Debate Over State Laws for Banks

Moderate House Democrats are drafting a proposal that would continue to shield big banks from potentially tougher state regulations when it comes to selling products such as credit cards, mortgages and savings accounts.

Jobless Rate Jumps to 7.2 Percent in December

The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as mass layoffs continue.

More Than Half Million Jobs Axed in November

Employers axed 533,000 jobs in November, the largest cutback in 34 years. The Labor Department's report pushes the unemployment rate to 6.7 percent - a 15 year high.

World Economy Summit Opens in Washington

World leaders launched extraordinary summit talks Friday on the economic crisis gripping the globe, searching for ways to limit the current carnage and prevent future calamities.

Paulson: Troubled Assets Will Not Be Purchased

Treasury Secretary Henry Paulson says that the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.