The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending. ...more

January 30, 2009

Bargain hunters may be snatching up distressed existing homes, but they still seem skittish of new homes, according to a report released Thursday from the U.S. Commerce Department. ...more

January 30, 2009

The defeat is a setback for the Obama administration and Democrats on Capitol Hill, who fear too many Americans are not ready for the switchover. ...more

January 28, 2009

The weakening economy hit area builders extra hard at the end of 2008, when new home starts hit a record low. ...more

January 23, 2009

New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more

January 22, 2009

At least one thing is becoming clear about the digital TV transition just a month away. ...more

January 6, 2009

Bankruptcies Soar U.S. consumer bankruptcy filings jumped nearly 33 percent in 2008 amid a recession that's expected to keep filings rising into the new year. Overall, consumer filings reached 1,064,927 last year, up from 801,840 in 2007, according to data collected by the National Bankruptcy Research Center and published by the American Bankruptcy Institute, an Alexandria, Va.-based research group. ...more

January 6, 2009

New claims for unemployment benefits rose more than expected last week, the government said Wednesday. ...more

December 25, 2008

As the longest recession in a quarter century intensifies, analysts think the small decline in economic activity in the third quarter has worsened significantly in the current fourth quarter. ...more

December 24, 2008

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