A year after the collapse of Lehman Brothers ushered in the worst economic crisis since the Great Depression, President Barack Obama said Monday that although the nation was "beginning to return to normalcy," Congress still must pass new regulations on the financial industry to avoid a repeat.
September 14, marks a year to the day since the U.S. financial system crashed, but today Wall Street is poised to stretch gains from last week as investors bet that the economic recovery is gaining strength and company outlooks are turning better by the day.
The early impact of the worst recession since the 1930s pushed median incomes down, forced millions more people into poverty and left more Americans without health care in 2008, according to new annual survey data from the U.S. Census Bureau.
President Barack Obama is going to Wall Street on the first anniversary of the Lehman Brothers collapse to outline financial changes to avert a future crisis like the one that sent the global economy into a tailspin.
Tens of thousands of protesters fed up with government spending marched to the U.S. Capitol on Saturday, showing their disdain for the president's health care plan with slogans such as "Obamacare makes me sick" and "I'm not your ATM."