Avoiding the next big financial crisis

Filed Under (Economic) by on 05-06-2009

The Obama administration plans to release updated details in the coming weeks to guide Congress on the best way to reshape the nation's financial regulatory system and prevent future collapses.

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

Michigan shuts 8 prisons to save $120M

Filed Under (Economic) by on 05-06-2009

Michigan officials said Friday that the state is closing three prisons and five prison camps in hopes of narrowing a $1.4 billion budget gap for fiscal 2010.

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

Michigan shuts 8 prisons to save $120B

Filed Under (Economic) by on 05-06-2009

Michigan officials said Friday that the state is closing three prisons and five prison camps in hopes of narrowing a $1.4 billion budget gap for fiscal 2010.

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

Recovery reality check: Not so fast…

Filed Under (Economic) by on 05-06-2009

The May jobs report, which showed the lowest level of cuts since September, sent stocks slightly higher Friday on more hopes that the economy may soon be on the upswing.

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

Uncle Sam’s bank deals need more disclosure

Filed Under (Economic) by on 05-06-2009

Read full story for latest details.

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

Job losses slow dramatically

Filed Under (Economic) by on 05-06-2009

Job losses slowed dramatically in May, according to the latest government reading on the battered labor market, even as the unemployment rate rose to a 26-year high.

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

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