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U.S. stocks fell on Monday on concerns of an accelerating global slowdown after Japan’s surprise news it had fallen into recession and Citigroup Inc (C.N), the No. 2 U.S. bank, said it would cut 52,000 jobs, far more than had been expected.
Markets found little to improve confidence from a weekend meeting of leaders of major [...]

Interest rates on short-term Treasury bills fell in Monday’s auction with rates on both three-month and six-month bills dropping to the lowest levels on record.
The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 0.150 percent, down from 0.355 percent last week. Another $27 billion in six-month bills was auctioned at [...]

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A few years ago, you probably never gave the FDIC, or the deposit insurance it provides, a second thought. But with banks falling like dominos and struggling financial institutions of all stripes in the news, you’re probably wondering if there are exceptions to the FDIC’s $100,000 guarantee. It is almost always there for you. [...]

The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to [...]

The Federal Reserve is taking steps to crack down on “unfair and deceptive” credit card industry practices that have added to the financial woes of millions of people trying to cope with the economic downturn. The Fed on Friday gave approval to proposed rules that would target credit card companies that arbitrarily raise interest rates [...]

The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.

The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big [...]

Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home price dropped for the entire year, the first time that has occurred in four decades. The National Association of Realtors reported that sales of [...]

President Bush
told congressional leaders privately on Thursday he favors personal income tax rebates and tax breaks for businesses to help avert a recession, officials said, as Federal Reserve Chairman Ben Bernanke joined in calls for an economic stimulus package. Bush spoke with congressional leaders as top House aides worked on an economic rescue package that [...]