US debt is becoming less valuable as Americans grow poorer and poorer
Even as home sales increased in August, median prices fell. Experts point to a 'shadow inventory' of homes that will eventually face foreclosure and say prices won't keep up with inflation for years.
That's how House Speaker John Boehner characterized job creators in a speech Thursday, which came a week after President Obama outlined his own jobs plan to Congress.
The proposed payroll tax cuts amount to about half of the Obama jobs plan. Some economists say the cuts could add a million jobs, others call the strategy a waste of money.
Currency exchange rates have taken center stage in financial markets, prompting investors to worry that nations will try devaluation as a way to bolster exports. The IMF's annual meeting is Friday in Washington.
Bond funds have netted an estimated $170 billion this year, while the price of gold has more than quadrupled.
Some evidence suggests that investors are better off hanging on to their shares during the May-to-October period. 'Sell in May' is among old market tips.
Will consumer spending move up and jobs grow apace in 2010? The answer depends on the economist you ask. A round up of the top predictions for the economy next year.
Tepid but sustainable, is the most common answer. Growth in Asia will be the main driver, with help from a modest revival in the US.
Exports, including to emerging markets such as China, helped the two countries turn in surprisingly strong numbers for the second quarter. Now, some say the global economic recession has ended.