Millions of Americans enjoying their small windfall from President Barack Obama’s “Making Work Pay” tax credit are in for an unpleasant surprise next spring. [...]
Two economic reports delivered a mixed message Thursday.
The government said the number of newly laid-off U.S. workers signing up for unemployment benefits posted an expected drop last week, but consumer spending fell in March for the first time in three months.
The Labor Department says new applications for unemployment insurance fell to a seasonally adjusted 631,000 [...]
As the World Health Organization raised its infectious disease alert level Wednesday and health officials confirmed the first death linked to swine flu inside U.S. borders, scientists studying the virus are coming to the consensus that this hybrid strain of influenza — at least in its current form — isn’t shaping up to be as [...]
President Obama blamed a “small group of speculators” for Chrysler’s imminent bankruptcy filing today, but said agreements forged by the administration during the past month will help provide the troubled automaker “a new lease on life.”
“I have every confidence that Chrysler will emerge from this process stronger and more effective,” Obama said at a noon [...]
If the government takes a majority stake in General Motors, will it end up taking the wheel, too?
Under a restructuring plan put forth this week by GM, the ailing automaker would give majority ownership to the federal government to stave off bankruptcy. That handoff would amount to an extraordinary partial nationalization of the maker of [...]
Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said Thursday.
The Obama administration had long hoped to stave off bankruptcy for Chrysler LLC, but it became clear that a holdout [...]
Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of American consumers is getting closer to becoming law, bolstered by presidential pressure and the backdrop of economic calamity.
Measures before the House and Senate are designed to enhance protections for credit card customers. The House bill, [...]
At least 100 schools have closed across the country because of confirmed or probable cases of swine flu and 30 more have closed as a precautionary measure, the Department of Education said Wednesday.
The elementary, junior high and high schools have closed because of the H1N1 virus, Department of Education spokesman Massie Ritsch said.
The closures of [...]
The number of confirmed swine flu cases worldwide has risen to 154, with six additional cases reported in Spain, the World Health Organization said Thursday.
The WHO is troubled because in one of the 10 cases in Spain the virus was transmitted from person-to-person within the community.
The other nine infected people had returned from Mexico, where [...]
No one can truly know what goes on inside a marriage except the two people involved, but researchers are getting increasingly good glimpses at what makes couples tick, how relationships are stressed and what factors can keep the spark alive.
The goal: To find out what keeps love alive and couples together.
Putting marriage under a microscope [...]