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Obama names budget director, promotes restraint
President-elect Barack Obama pledged to make deficit reduction a goal of his administration Tuesday — but only after recovery from the financial crisis is well under way. "We are going to have to jump start the economy," he said.
U.S. launches support plan as contraction takes hold
The U.S. Federal Reserve unveiled an $800 billion plan on Tuesday to buy mortgage-related debt and back consumer loans as it tries to revive the U.S. lending market and steer the global economy away from a deep recession.
Dollar slides on revised US growth contraction figures
The dollar weakened against the euro Tuesday after the US economy contracted at a faster pace in the third quarter than initially thought and Washington announced another 800 billion dollar stimulus package.
Economic tumble worse than expected in 3rd quarter
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 certainly in the throes of a painful recession.
Wall Street pulls back after big 2-day rally
Wall Street sold off Tuesday as investors, while heartened by government plans to aid consumer lending companies, cashed in some of their winnings after a huge two-day rally.
News from Yahoo News
President-elect Barack Obama pledged to make deficit reduction a goal of his administration Tuesday — but only after recovery from the financial crisis is well under way. "We are going to have to jump start the economy," he said.
U.S. launches support plan as contraction takes hold
The U.S. Federal Reserve unveiled an $800 billion plan on Tuesday to buy mortgage-related debt and back consumer loans as it tries to revive the U.S. lending market and steer the global economy away from a deep recession.
Dollar slides on revised US growth contraction figures
The dollar weakened against the euro Tuesday after the US economy contracted at a faster pace in the third quarter than initially thought and Washington announced another 800 billion dollar stimulus package.
Economic tumble worse than expected in 3rd quarter
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 certainly in the throes of a painful recession.
Wall Street pulls back after big 2-day rally
Wall Street sold off Tuesday as investors, while heartened by government plans to aid consumer lending companies, cashed in some of their winnings after a huge two-day rally.
News from Yahoo News
Le gène de la paresse
