Americans' retirement plans have lost as much as $2 trillion in thepast 15 months — about 20 percent of their value — Congress' top budgetanalyst estimated Tuesday as lawmakers began investigating how turmoilin the financial industry is whittling away workers'
The FDIC on Tuesday approved a proposed increase in premiums that willmore than double the average paid by U.S. banks and thrifts next yearto replenish the deposit insurance fund.
Ford will cut 792 jobs at its Southeast Side assembly plant when it drops to one shift early next month, according to a filing with the state. Separately, two suppliers to Ford told state officials they'll pare 168 jobs from
The Internal Revenue Service, seeking to make cash more availableduring the current credit crunch, has issued a rule making it easierfor U.S. corporations to bring home money made by their foreignsubsidiaries.
President Bush on Tuesday told a country engulfed by dire economic newsthat it should not expect a sudden recovery, but rather a gradualrebound that will test people's patience.
So, where do the candidates stand on the issues of taxes, the credit crunch and healthcare? CBS News correspondent Sandra Hughes reports on how the proposed policies of Barack Obama and John McCain to help small businesses would affect you
Federal Reserve Chairman Ben Bernanke warned Tuesday that the financialcrisis has not only darkened the country's current economic performancebut also could prolong the pain.
Less than a week after the federal government had to bail out AmericanInternational Group Inc., the company sent executives on a $440,000retreat to a posh California resort, lawmakers investigating thecompany's meltdown said Tuesday.
