Home prices posted another modest rise in August, according to data released Tuesday, but economists cautioned that the expiration of a home-buyer tax credit and rising unemployment could reverse signs of stabilization in the housing market.
House Democrats and the Obama administration are preparing to introduce major legislation aimed at eliminating the devil's choice the government faced last fall, when officials felt forced to decide between spending billions of dollars to rescue some of the nation's most powerful financial firms ...
The White House is expected to announce Tuesday a multimillion-dollar deal that will convert a closed General Motors plant in Wilmington, Del., into a factory making electric vehicles.
OVERSIGHT The government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released Tuesday in Congress.
Many college graduates are passing up the Sun Belt and industrial centers, which have been hit hard by the recession, in favor of life in urban, high-tech meccas. Such moves are fueling a resurgence in parts of California, North Carolina and Texas.
The Federal Reserve Bank of New York said Tuesday that it had no choice but to instruct American International Group last November to reimburse the full amount of what it owed to big banks on derivatives contracts, a move that ended months of effort by the insurance giant to negotiate lower payme...
FAA administrator J. Randolph Babbitt revoked the licenses Tuesday of the two Northwest Airlines pilots who said they were distracted by laptops when they flew 150 miles past the Minneapolis International Airport before circling back to land.
Ever the optimist, John Berry didn't seem fazed by the dreary skies, the steady drizzle, the muddy paths and the swampy grass. Resplendent in bright-green athletic shoes, the Office of Personnel Management director braved the weather with fellow federal workers to gather on the Mall at lunchtime...
Remember the uproar a few months back after AIG and other federal bailout recipients were holding conferences and meetings at luxury resorts? The national outrage caused many TARP recipients to cut such travel, or at least opt for less-opulent venues.
UNITED NATIONS -- Nicola Baroncini, a U.N. contract employee from Italy, was doing a routine review of his boss's correspondence in the summer when he stumbled upon an e-mail that would seal his fate.
ARCADIA, FLA. -- President Obama stepped up his promotion of the job-creating potential of the $787 billion economic stimulus package Tuesday, announcing $3.4 billion in grants to improve the nation's electrical grid.
A relative of one of the Vietnamese American church members who died in a high-profile Texas bus crash last year is demanding action from Congress on pending bus safety legislation.
