Six months in, U.S. almost $1 trillion in the hole

The U.S. has reached the halfway point in its fiscal year but it has already racked up nearly $1 trillion in unpaid bills.

See Complete List >>

G7 recession to rage on: survey Apr 08, 2009 4:58PM

The recession chokehold that is gripping the world's richest nations won't loosen until late this year, and Reuters polls show the economic outlook has dimmed for 2009 despite a vigorous global stock market rally. Read more

RBS to cut more jobs as UK takes tighter grip Apr 07, 2009 10:26AM

Partly nationalized British lender Royal Bank of Scotland may cut more than 9,000 jobs in the next two years, or about 5 percent of its total workforce. Read more

Optimism on U.S. economy up: poll Apr 07, 2009 7:46AM

Americans have grown more optimistic about the economy and the direction of the country since President Barack Obama took office in January, according to the latest New York Times/CBS News poll on Monday. Read more

New York bankers best paid, London at bottom: poll Apr 06, 2009 8:59AM

London bankers' mighty pay has fallen from the highest level among global financial centers to the lowest, with Wall Street financiers grabbing the top spot, a poll showed on Sunday. Read more

Jobless rate rises to 8.5 percent in March, 663,000 more job cuts Apr 03, 2009 11:54PM

The U.S. unemployment rate rose to 8.5 percent in March from 8.1 percent in February, the government reported on Friday. Read more

IMF sees world economy shrinking up to 1 percent in 2009 Apr 01, 2009 5:38AM

The International Monetary Fund sees the world economy contracting by between 0.5 and 1 percent in 2009, Managing Director Dominique Strauss-Kahn said in an interview published on Wednesday. Read more

U.S. consumer confidence barely above record low Mar 31, 2009 11:05AM

U.S. consumer confidence rose slightly in March but remained near record lows as the economy remained weak and job prospects grew increasingly uncertain. Read more

Chicago Sun-Times parent files for bankruptcy Mar 31, 2009 10:58AM

The Sun-Times Media Group, parent of the Chicago Sun-Times, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two bankrupt newspaper publishers. Read more

U.S. January home prices drop record 19 percent Mar 31, 2009 9:43AM

Prices of U.S. single-family homes in January plunged a record 19.0 percent from a year earlier, indicative of a U.S. housing market that is still in the throes of a deep recession, according to a Standard & Poor's/Case-Shiller report on Tuesday. Read more