Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn the next shoe to drop is the commercial real estate market, bringing more woes to the battered economy.
Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of Americans moved closer to becoming law Thursday, bolstered by presidential pressure and the backdrop of economic calamity.
The global threat from the swine flu outbreak reached its highest level yet Wednesday as the World Health Organization urged government, business and health officials to start planning in earnest for a pandemic, which now appears unavoidable.
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.
President Barack Obama marked his first 100 days in office Wednesday with a broad assurance that the country is on the road to recovery and that there is no cause for panic on threats ranging from the swine flu to nuclear weapons in Pakistan.