Obama to tap commerce secretary

Filed Under (Economic) by on 31-01-2009

Read full story for latest details.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Rollout of rescue package delayed

Filed Under (Economic) by on 31-01-2009

After initially vowing to unveil a new financial rescue package this coming week, senior officials in President Obama's administration now say the rollout date is being pushed back an extra week.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Gas prices: Up 14% for the month

Filed Under (Economic) by on 31-01-2009

Gasoline prices edged higher Saturday and are now 14% higher from where they started the month, according to a daily survey of credit card swipes.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Peanut butter blowback

Filed Under (Economic) by on 31-01-2009

In the wake of the salmonella outbreak that has sickened more than 500 people and been linked to eight deaths, peanut butter makers have moved to separate themselves from the company that produced the tainted product.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Obama pledges mortgage help

Filed Under (Economic) by on 31-01-2009

Read full story for latest details.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Daschle’s tax records under fire

Filed Under (Economic) by on 30-01-2009

The Senate Finance committee will meet Monday to review the tax records of former Sen. Tom Daschle, President Barack Obama's nominee for secretary of Health and Human Services who, according to sources, didn't pay taxes on a car and driver he had been loaned.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Three regional banks fail

Filed Under (Economic) by on 30-01-2009

Three regional banks were closed Friday, bringing the total number of failed banks this month to six, as the financial crisis continues to take a toll on small banks nationwide.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Utah bank closed by regulators

Filed Under (Economic) by on 30-01-2009

State regulators in Utah closed MagnetBank Friday, bringing the total number of failed banks this month to four, as the financial crisis continues to take a toll on small regional banks.

Original post by Economic news - CNNMoney.com and software by Elliott Back

$4B shortfall – NYC may cut 23,000 jobs

Filed Under (Economic) by on 30-01-2009

The Big Apple will have to tighten its belt as the city that leans heavily on Wall Street's profits is expected to suffer a dramatic decrease in tax revenues in coming years.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Stimulus: And now a Senate fight

Filed Under (Economic) by on 30-01-2009

President Obama faces a tough week: In addition to possibly unveiling a new bank and housing bailout, the Senate will take up its version of the economic stimulus package.

Original post by Economic news - CNNMoney.com and software by Elliott Back

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