The earthquake that ravaged Haiti on Jan. 12 disrupted the island’s crucial apparel industry, crippling the livelihood of thousands of Haitians and curtailing a substantial chunk of the island’s exports to the United States.
Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.
Congress got its first behind-the-scenes look Wednesday at the botched airline bombing and officials said the security failures were even worse than President Barack Obama outlined last week. It remains unclear, however, how those failures will be fixed.
U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.
A New York aviation services company has offered to buy International Lease Finance Corp. in Los Angeles for more than $12 billion in a deal that would sever the aircraft leasing firm's ties to the nation's biggest government bailout.