The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers who are linked to Detroit's carmakers, officials said Thursday.
Oil prices hit news highs for the year Thursday after a decision by the Federal Reserve to spend billions snapping up U.S. bonds sent the dollar tumbling.
A private sector group's index of leading economic indicators dropped less than expected in February, but its broad decline of the past 19 months persisted and is unlikely to end until next year.
The Andersons, African-Americans who rose from humble means, are attempting to spend their money for one year exclusively with black-owned businesses and are encouraging other African-Americans to do the same.
Rep. Maxine Waters, D-Calif., is defended her role assisting minority-owned banks in the midst of the nation's financial meltdown and dismissed suggestions that she used her influence last year to steer government aid to a bank with ties to her husband.
America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.
Warren Buffett remains optimistic about the prospects for his company and the nation even though Berkshire Hathaway Inc. turned in its worst performance in 2008 and the widely-followed investor says the economy will likely remain a mess beyond this year.
Warren Buffett might be warning of a Treasury bond "bubble," but investors took their cues from the stock market Monday and fled to most government debt anyway.
