Weak earnings from major U.S. companies and another drop in home prices drove stocks down on Tuesday.Four of the 30 companies in the Dow Jones industrial average reported results before the market opened: DuPont, 3M Co., Verizon Communications Inc.
In his continuing effort to try to gain the high ground of fiscal responsibility, President Obama will use his State of the Union address to expand his earlier proposal to freeze discretionary spending for several years.Obama will say the discretionary part of the budget should be frozen for five ye
Europe is in a "deep crisis" because each country uses a single currency — the euro — without the benefits of a single government to make the currency workable, Paul Krugman concluded recently in the New York Times Magazine."
The collapse of mortgage giants Fannie Mae and Freddie Mac has so far cost taxpayers nearly $150 billion. Depending on what happens to the housing market, that number could get much higher.But there's interest in a smaller, but still significant number: $160 million. That's how much U.S.
While consumer spending and some other key economic indicators have been trending up in recent months, the thing that Americans really want to see — job growth — hasn't been as strong as anyone would like.
This Tuesday President Obama gives his State of the Union address, and everyone wants to know what he will talk about.For anyone playing parlor games at home that night, New York Times White House correspondent Peter Baker says it might be fun to count the number of times the word "jobs" comes up wi