American households were $2 trillion richer on June 30 than they were three months earlier, the first time in two years that household net worth has increased, the Federal Reserve reported Thursday in its quarterly flow of funds report.
The White House tried — and failed — Thursday to cool fierce Republican opposition to its health care overhaul by announcing a $25 million preliminary program aimed at eventually revamping the nation's controversial medical-malpractice legal system.
President Barack Obama staged a homecoming-style Olympic rally at the White House Wednesday, saying the whole country is rooting for his hometown of Chicago in its efforts to host the 2016 Summer Games.
Citigroup Inc. could easily repay a $20 billion preferred investment by the government, but the bank must show it can raise new capital from private investors first, Chief Executive Vikram Pandit said Wednesday.
Politicians, pundits and even the Federal Reserve chairman have declared the recession over, but what's coming next is likely to prove as vexing as the deep economic crisis that Americans hope to leave behind.
When Nimo Farah came to Minnesota at age 9, she didn't know to step on the foot bar to get water from the lavatory sink at her school, or to store textbooks in a locker rather than carrying them all home every day. Now 24, she's so skilled at navigating life here that she guides other immigrants through the confusing maze of real estate finance.