The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more

October 7, 2008

Many of us are nervously watching the wild swings on the stock market for signs of a Wall Street collapse, but it's the obscure credit markets that matter most right now to consumers and businesses alike. ...more

October 7, 2008

The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more

October 7, 2008

the largest one-day point drop - before recovering to close with a loss of 370, a 3.6 percent drop. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world. ...more

October 7, 2008

Recently, members of Congress acted to address the worst financial crisis America has faced in generations. While the decision may not have been popular, I felt it was necessary to help stabilize the economy and prevent the crisis from acutely affecting American families. ...more

October 7, 2008

Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points - their largest one-day point drop - before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world. ...more

October 6, 2008

The showroom and parking lot of Wesley Chapel Nissan are quiet places these days. ...more

October 5, 2008

The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. ...more

October 4, 2008

For a sign of just how tough the job market has become, consider this: In Hillsborough County, unemployment compensation claims are up 70 percent this year over last year. ...more

October 4, 2008

The stranglehold on the credit markets remained tight Friday after the House approved a revised $700 billion financial bailout, with investors nervous that the plan is at most a first step in repairing the faltering U.S. economy. ...more

October 4, 2008