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Recession's Second Act Would Be Worse Than The First

Posted: 09/23/2011 - Fresh evidence of a global economic slowdown has raised fears that governments around the world may be powerless to reverse it. If the world does fall into back into recession, it could be much harder to escape than the contraction that ended in 2009.

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Want To Go To College, Kid? Check The Home Value

Posted: 09/21/2011 - When home values go up, so does the likelihood those households will send their kids to college. That surprising result of new research may not bode well for kids now reaching college age, several years into a deep real estate slump.

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Obama Tax Plan To Demand More Of Millionaires

Updated: 09/18/2011 - President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.

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For USPS To Survive, It Needs To Act Like A Business

Posted: 09/17/2011 - No CEO of a struggling business would propose a turnaround that hinged on degrading the service of its flagship product, but that's essentially what the U.S. Postal Service is doing with its cost-cutting proposals.

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12,000 Tax Cheats Come Clean Under IRS Program

Posted: 09/16/2011 - About 12,000 tax cheats have come clean under a program that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, the Internal Revenue Service announced Thursday.

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New Unemployment Claims Jump

Posted: 09/15/2011 - The number of people applying for unemployment benefits last week jumped to the highest level in three months, a sign that layoffs could be increasing.

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Bank Of America Considering Huge Job Cuts

Posted: 09/10/2011 - Bank of America is considering cutting at least 10 percent of its work force as part of a massive restructuring, according to published reports.

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Scores Charged In $295 Million Rash Of Medicare Fraud Schemes

Posted: 09/08/2011 - Ninety-one suspects, including doctors and nurses, have been charged in connection with a new rash of healthcare fraud schemes aimed at bilking the government out of about $295 million, U.S. authorities said Wednesday.

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US And Big Banks Play A Game Of Chicken Over Mortgages

Posted: 09/03/2011 - When the U.S. filed suit against Swiss bank UBS in July for allegedly misrepresenting the soundness of mortgage-backed securities bought by mortgage giants Fannie Mae and Freddie Mac, analysts speculated it was just the opening act in what promised to be a drawn-out courtroom drama.

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Battle Over Disaster Aid Brewing In Congress

Posted: 08/31/2011 - A political battle between the tea party-driven House and the Democratic-controlled Senate is threatening to slow money to the government's main disaster aid account, which is so low that new rebuilding projects have been put on hold to help victims of Hurricane Irene and future disasters.

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Cities Where Buying Is Cheaper Than Renting

Posted: 08/26/2011 - A similar scenario is playing out across more and more U.S. cities: homes are as affordable as ever, to the point where buying is cheaper than renting.

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Parts Of Obama Jobs Package Coming Into Focus

Posted: 08/26/2011 - President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers.

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CBO: Budget Deficit To Hit $1.28T, Down Slightly

Posted: 08/25/2011 - After months of unrelieved gloom and discord, Congress and President Barack Obama are starting to make a dent in the federal budget deficit. It's projected to shrink slightly to $1.28 trillion this year, and bigger savings from this month's debt ceiling deal are forecast over the next decade.

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Social Security Disability On Verge Of Insolvency

Posted: 08/21/2011 - Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims and that's pushing the financially strapped system toward the brink of insolvency.

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Super Rich Still Making Money In Crisis

Posted: 08/21/2011 - Financial advisers to the world's richest people report some of their top clients have continued to make money throughout recent market turmoil by harnessing sophisticated investments out of reach to mainstream investors.

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Behind Market Swings: Growing Recession Fears

Posted: 08/20/2011 - There are many factors churning up market volatility and contributing to a frightening stock market sell-off, but chief among them is growing fear of a new recession.

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Bank Of America Cutting At Least 3,500 Jobs

Posted: 08/19/2011 - Bank of America plans to cut at least is 3,500 jobs and possibly up to 10,000 in a major restructuring of one of the nation's largest banks, the Wall Street Journal reported.

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