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Obama Nominates Geithner For Treasury Secretary

Posted: 11/24/2008 - Timothy Geithner is president of the New York Federal Reserve Bank, and has been working with the Bush administration on ways to solve the credit crisis.

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UPDATE: Government Unveils Citigroup Rescue Plan

Updated: 11/24/2008 - The government unveiled a plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm whose stock has been hammered on worries about its financial health.

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More Car Dealerships Close

Posted: 11/23/2008 - Eastern Carolina and the country have been impacted. The latest closing is in Minnesota, where one of the biggest dealers announced big changes.

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Obama Economic Plan Aims For 2.5M New Jobs By 2011

Posted: 11/23/2008 - President-elect Barack Obama promoted an economic plan Saturday he said would provide 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.

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Investor Fear Remains Deep Despite 1-Day Rally

Posted: 11/23/2008 - Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession.

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State Budget Shortfall Grows

Posted: 11/21/2008 - A new report says the budget shortfall in North Carolina state government has widened.

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State Jobless Rate Rises To 7% In October

Updated: 11/21/2008 - The wave of layoffs at North Carolina companies led to a statewide unemployment rate of 7 percent in October, the highest in almost six years.

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Congress Extends Jobless Benefits; Stocks Fall 400

Updated: 11/21/2008 - Congress raced to approve legislation to keep unemployment checks flowing into the new year for a million or more laid-off Americans whose benefits are running out.

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Dems Delay Auto Bailout Vote, Seek Plan From Big 3

Posted: 11/21/2008 - The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry.

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3 US Airports Open New Runways Amid Economic Woes

Posted: 11/21/2008 - Planes began taking off from new multimillion-dollar runways at three U.S. airports on Thursday with aviation officials heralding the increased capacity as crucial to reducing delays, even in the face of a slumping economy and a projected decline in domestic flights this winter.

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Americans Still Giving, Despite Economic Meltdown

Posted: 11/21/2008 - As more Americans turn to charity amid worsening economic gloom, operators of food banks and other aid groups are relying on the surprisingly resilient generosity of their neighbors and finding that even when times are tough, people still give.

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GM, Chrysler Scale Back Glitz At LA Auto Show

Posted: 11/20/2008 - Chrysler and General Motors are still showing off their newest vehicles at the Los Angeles Auto Show, but their displays were noticeably quiet Wednesday while Asian and European companies unveiled new models that will likely chip away at the U.S. market share.

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Fed Sees Economic Woes Persisting Into Next Year

Posted: 11/20/2008 - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.

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Oil Falls; Americans Cut Driving By 90B Miles

Posted: 11/20/2008 - Oil slipped below $54 a barrel Wednesday as stock markets across the globe fell and yet another U.S. government report illustrated the disarray in the housing market.

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Deflation Fears Grow, And Dow Slips Below 8,000

Posted: 11/20/2008 - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial meltdown began.

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Grocery Shopping Secrets

Posted: 11/19/2008 - A North Carolina mom says she knows the secrets to saving incredible amounts of money on your groceries.

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Big Three Beg For Aid As Bailout Bill Stalls

Posted: 11/18/2008 - Detroit's Big Three auto makers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout fatigue.

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