By Jeannine Aversa, AP Economics Writer on Yahoo.com
Economy’s tumble in the summer worse than first thought as consumers slash spending
WASHINGTON (AP) — The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost [...]

By Chris Isidore, CNNMoney.com senior writer
Central bank and Treasury announce a massive plan to jumpstart lending.
NEW YORK (CNNMoney.com) — The Federal Reserve and Treasury Department on Tuesday unveiled hundreds of billions more in money they are pumping into the struggling U.S. economy, trying to jumpstart lending by the nation’s banks for mortgages and consumer debt.
Together, the [...]

By Timothy R. Homan
Nov. 25 (Bloomberg) — House prices in 20 U.S. cities declined in the year ended in September at the fastest pace on record as rising foreclosures pushed down property values.
The S&P/Case-Shiller home-price index dropped 17.4 percent in September from a year earlier, more than forecast, after a 16.6 percent decline in August. [...]

By Irwin Kellner, MarketWatch.com
PORT WASHINGTON, N.Y. (MarketWatch) — The actual rate at which overnight funds are changing hands these days is only 1/4%, far below the Federal Reserve’s intended rate of 1%.
While the Fed rarely hits its target rate, the size of the current gap is most unusual. What is more, this is not a [...]

By Les Christie, CNNMoney.com staff writer
Foreclosures take heavy toll on home prices but bargain hunters are re-entering worst-hit markets.
NEW YORK (CNNMoney.com) — National home prices, driven lower by a flood of foreclosures, plummeted in the third quarter by a record 9% year-over-year, according to a report issued Tuesday.
The median price of a single-family home fell [...]

By Rebecca Christie and Alison Vekshin
Nov. 18 (Bloomberg) — Treasury Secretary Henry Paulson rejected using the government’s financial-rescue program as a “panacea” for economic difficulties, clashing with lawmakers who want the funds to help beleaguered homeowners.
“The rescue package was not intended to be an economic stimulus or an economic recovery package,” Paulson said in testimony [...]

By Christopher S. Rugaber, AP Economics Writer on Yahoo.com
Jobless claims jump to 7-year high, signaling rapid deterioration in the labor market
WASHINGTON (AP) — The number of newly laid-off individuals seeking unemployment benefits has jumped to a level not seen since just after the Sept. 11, 2001, terrorist attacks, as companies cut more jobs in the [...]

By Tami Luhby, CNNMoney.com senior writer
Senate committee grills bankers over $700 billion bailout. Dodd: ‘We want to see more progress.’
NEW YORK(CNNMoney.com) — The head of the Senate Banking Committee Thursday said banks receiving money as part of the $700 billion federal bailout must step up their lending to consumers and businesses.
Banks are failing to use [...]

By Catherine Clifford, CNNMoney.com staff writer
As government and industry scramble to reverse the tide of foreclosures, filings jumped 25% in October.
NEW YORK (CNNMoney.com) — As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday.
Last month 279,561 struggling borrowers received foreclosure [...]

By Anchalee Worrachate
Nov. 3 (Bloomberg) — The cost of borrowing in dollars in London fell on speculation European policy makers will join counterparts in Asia in slashing interest rates this week to loosen lending by banks and limit damage from a global recession.
The London interbank offered rate, or Libor, that banks charge one another for [...]

By David Goldman, CNNMoney.com staff writer
Survey finds that falling consumer demand, rising unemployment and ongoing credit crunch will fuel downturn through end of next year.
NEW YORK (CNNMoney.com) — A survey of top economists released Monday shows that the vast majority of them believe the economy has fallen into a recession that will continue throughout all [...]

By Ken Fireman
Nov. 3 (Bloomberg) — Barack Obama and John McCain are chasing each other and the presidency across an array of battleground states as the race for the White House finishes with a furious dash to tomorrow’s voting.
Democratic nominee Obama will campaign today and tomorrow in four states that went Republican in 2004 and [...]