Tighten your seat belt. Federal Reserve Chairman Ben Bernanke and his colleagues are doing just that as they prepare to ride out economic and financial storms by holding their most important interest rate steady this week and probably through the rest of this year.
Unemployment is rising, consumers are clamping down as paychecks shrink and the [...]

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.
But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter? And, more urgently, which one could [...]

WASHINGTON – Aug. 1, 2008 – Happy birthday, credit crisis. It was a year ago August that the world began to suspect the economy was heading into something worse than a slump. Now as another August heaves into view, the credit crisis is a year bigger and – like many 1-year-olds – indiscriminate about where [...]