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Obama To Convene Fiscal Summit At White House

Posted: 02/23/2009 - President Barack Obama is bringing together dozens of advisers and adversaries to discuss how to curb a burgeoning federal deficit laden with Social Security, Medicare and Medicaid obligations.

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Europe Economy Summit

Updated: 04/27/2009 - German officials say European leaders gathered in Berlin have backed sweeping regulations for financial markets and hedge funds.

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Official: Obama Wants To Halve Budget Deficit

Posted: 02/22/2009 - Barack Obama wants to cut the federal deficit in half by the end of his first term, mostly by scaling back Iraq war spending, raising taxes on the wealthiest and streamlining government, an administration official said Saturday as the president worked to finalize his first budget request.

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Obama Nixes Plan To Tax Motorists On Mileage

Posted: 02/21/2009 - President Barack Obama on Friday rejected his transportation secretary's suggestion that the administration consider taxing motorists based on how many miles they drive instead of how much gasoline they buy.

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Smithfield, Union To Start NC Pork Plant Talks

Posted: 02/20/2009 - The North Carolina company that owns the world's largest pork processing plant will negotiate with a workers union this week for the first time since the plant opened in 1992.

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Subpoenas Over Bank Exec Bonuses

Posted: 02/20/2009 - Find out why Charlotte-based Bank of America Chief Executive Ken Lewis has received a subpoena.

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GM Unit Saab Files For Protection From Creditors

Posted: 02/20/2009 - General Motors Corp.'s Swedish-based subsidiary Saab filed for bankruptcy protection Friday so it can be spun off or sold by its struggling U.S. parent, officials said

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Jobless Hit With Bank Fees On Benefits

Posted: 02/20/2009 - For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money.

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Burr Says Solving Housing Crisis Key To Financial Woes

Updated: 02/19/2009 - U.S. Senator Richard Burr says turning America's economy around centers on attacking the housing crisis head on by stopping foreclosures, making low interest mortgage loans available and giving cash incentives to home buyers.

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Real Estate Moving In Jacksonville

Updated: 02/19/2009 - With all of the bad news when it comes to the economy, one area in eastern Carolina actually seems to be thriving.

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GOP Poised To Leap On Spending Abuses In Stimulus

Posted: 02/19/2009 - Republicans are preparing to pounce on any wasteful spending in the $787 billion stimulus package as they refocus their criticisms of a measure whose success could hurt their 2010 election prospects.

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Democrats Strike Different Tone On Katrina

Posted: 02/19/2009 - The economic stimulus signed by President Barack Obama will spread billions of dollars across the country to spruce up aging roads and bridges. But there's not a dime specifically dedicated to fixing leftover damage from Hurricane Katrina.

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Poll: Public Fears About Troubled Economy Growing

Posted: 02/19/2009 - As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.

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Will Loss Of Marines Hurt Businesses?

Updated: 02/18/2009 - With 8 thousand Marines from Camp Lejeune headed overseas this spring many local businesses are a bit worried about what the loss may bring for them.

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