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Jobless rate hits 7.2 percent

The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern…

What if the stimulus plan doesn’t work?

While most people in a position of power agree an economic stimulus plan is needed, some are questioning whether or not it will work. The nation doesn't even have a…

More pink slips as economy worsens

Pink slips are piling higher as companies scramble to cut costs even deeper to survive the country's economic and financial storms.

Just days into the new year, managed care…

Report: U.S. ‘shortchanged’ Afghanistan

The United States and its partners have shortchanged Afghanistan by focusing on short-term goals pursued without…

Inaugural means more traffic problems for DC

On a typical weekday, close to 2 million people commute to the nation's capital, snarling the highways and packing subway trains and buses during peak hours.

Now imagine doubling,…

Changes in driving habits may spur tax hikes

Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.

That…

Where did the money go? Can’t say. It’s a secret

It's something any bank would demand to know before handing out a loan: Where's the money going?

But after receiving billions in aid from U.S. taxpayers, the nation's largest…

CEOs of troubled banks still got fat paychecks

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

The rewards came…

Wall Street flies high in corporate jets

Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a…

Automakers get the money but now what?

President George W.…