Home Depot, the world's largest home improvement store chain, said it will pump $2.2 billion into improving its business as it expects lower earnings and slim sales growth, because of a continued slump in the housing sector.
The government's estimate of US economic growth for the fourth quarter was revised down sharply to a 2.2% pace from an earlier figure of 3.5%, data showed. The Commerce Dept.' downward revision, the biggest in a decade, suggested
(After all of the economic bubbles have burst, the Misesian Movement will be rediscovered,... and here's why..)
American manufacturers reported a sharp drop in demand last month for expensive, heavy-duty items, renewing concerns about softness in the economy.
Since 1992, GAO has published long-term fiscal simulations of what might happen to federal deficits and debt levels under varying policy assumptions. GAO developed its long-term model in response to a bipartisan request from CongressEntered By: Powell Gammill
As the first wave of boomers heads to retirement, the nation is dividing into 2 classes of workers: those who have government benefits and those who don't. The gap is accelerating in every way — pensions, medical benefits, retirement ages.
Mortgage applications dropped more the 5% last week, hitting their lowest level this year, even as interest rates fell, an industry trade group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index
I've often wondered why Congress so willingly has given up its prerogative over monetary policy. Astonishingly, Congress in essence has ceded total control over the value of our money to a secretive central bank.
The New One Dollar coin is out ... notice anything missing?
The slump in housing deepened in the final three months of last year with sales falling in 40 states and median home prices dropping in nearly half the metropolitan areas surveyed. Formely red-hot areas were among the hardest hit as the five-year
The new Bank of America card is open to people who lack both a Social Security number and a credit history, as long as they have held a checking account with the bank for three months without an overdraft, the Journal said.
The U.S. trade deficit set a fifth consecutive annual record in 2006, reflecting a huge jump in America's foreign oil bill and an all-time high for the trade gap with China. The year ended with the December deficit increasing more than had been e
An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
President Bush's $2.9 trillion federal spending plan, forecasting a balanced budget by 2012, was sent to the new Democratic Congress, whose leaders immediately criticized it as wildly unrealistic and harmful to the middle class.
Since taking office, Bush has increased domestic discretionary spending at a rate greater than any president since LBJ. He has also increased defense spending by 50 percent and doubled spending on homeland security.
Keeping troops in Iraq for another year and a half will cost nearly a quarter-trillion dollars — about $800 for every man, woman and child in the U.S. this year— under the budget President Bush will submit to Congress Monday.
Universities from Massachusetts to California began receiving formal requests for information from the NY attorney general investigating financial relationships they or individual college officials have with student loan companies.
Senate approval of the legislation, on a 94-3 vote, set up a showdown with the Democratic-led House of Representatives, which passed a bill last month to increase the minimum wage without Republican-demanded tax cuts.
Nafta, Corn Lobby, Subsidized Ethanol, Price Controls ... All that's missing is for someone to declare "Let them eat cake"
Ford Motor yesterday reported a $12.7 billion loss for 2006, its biggest in its 103-year history, as the company struggles to correct strategic mistakes, fend off Asian rivals and remake itself into a smaller, more competitive automaker.
To the surprise of many economists, U.S. motorists changed their ways enough to cut the nation's per-driver mileage by 0.4% in 2005, ending a string of increases dating back to 1980, government data show.
Fees for paying credit card bills late averaged $34, up from $13 in 1995, while some card issuers impose penalty interest rates of more than 30 percent on consumers who pay late or exceed the credit limit.
The best solution would be to "rebase" the penny by making it worth five cents rather than one cent. Doing so would increase the amount of five-cent coins in circulation and do away with the almost worthless one cent coin.
New York government officials warned that the Big Apple will lose its status as the world's financial capital within a decade if the US does not change its market and immigration rules. Growing numbers of financial markets moving to London, Hong
The success of nanotechnology hinges on manufacturing, according to a new survey. The survey was prepared by the Univ. of Mass-Lowell and Small Times magazine, and the survey found that by more than a two-to-one margin, US executives of
Government's "Annual Financial Report" The showing of the GROSS INCOME and STANDING WEALTH - National CAFR Download Directory for each state.Entered By: Walter Burien
Federal Reserve Chairman Ben S. Bernanke warned Congress yesterday of a "fiscal crisis" if it doesn't curb the projected growth of federal spending on retirement and health-care programs.
Motorola Inc. said Friday it is cutting 3,500 jobs and taking other steps to reduce costs after misjudgments on pricing and sales forecasts for its high-end phones contributed to its least profitable quarter since 2004.
Great map showing a countries GDP which is equal to the US state to which it's assigned.
The euro has displaced the US dollar as the world’s pre-eminent currency in international bond markets, having outstripped the dollar-denominated market for the second year in a row.