Consumers cut back on spending at retail stores for a record fifth straight month in November, another sign the recession that is already the longest in a quarter-century will translate into a dismal holiday shopping season. ...more

December 13, 2008

In most challenging situations where a major problem is the issue, do-nothing-and-hope-for-a-miracle is not an option. ...more

December 13, 2008

Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund. ...more

December 12, 2008

General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. ...more

December 12, 2008

Just about everyone is conflicted on all the bailouts going on these days. Rescuing banks and automakers are sold to the public by telling us about the apocalyptic destruction that doing nothing would spark. So Americans are going deeper in debt, with no end in sight. It's a sickening feeling. ...more

December 12, 2008

If huge loans to U.S. automakers would save the domestic part of the industry and help the nation more quickly pull out of the recession, it would be well worth supporting. ...more

December 12, 2008

A $14 billion bailout for Detroit's struggling Big Three has died in the Senate after failing on a procedural vote. ...more

December 12, 2008

A bailout plan designed to force General Motors, Chrysler and Ford to become more financially viable without risking too much taxpayer money was submitted to the White House on Monday. Here's a look at the plan: ...more

December 9, 2008

45 Percent of Americans approve using federal money to keep automakers viable 44 ...more

December 9, 2008

Amid calls for more accountability by executives at U.S. automakers, House and Senate aides were hammering out legislation that would dole out billions to the companies within a week ...more

December 8, 2008