Economic recovery has progressed far enough for policymakers to turn their attention from stimulus to reducing the federal deficit, Fed Chairman Ben Bernanke testified Wednesday.
The Case Shiller index rose 0.3 percent in January. Will the expected double dip in house prices be muted?
Federal help for winter storm damage is on the way to 35 areas in the US. Recovery hits state and local budgets hard.
Personal spending rose 0.3 percent in February, the Commerce Department reported Monday. But US stimulus programs have not managed to boost household incomes.
Retail sales for the week ending March 6 rose a robust 2.9 percent from a week earlier. Freed from snow and shovels, and ready for spring, shoppers bust loose.
Home prices were up in six cities last year, according to the Case Shiller index.
Concerns about the ability of Greece, Spain, and Portugal to pay their debts caused the Dow Jones Industrial average to drop more than 100 points, closing below 10000 for the first time since early November.
As the Toyota recall grows to 9 million cars worldwide, dealers in America handhold worried customers and brace for losses of up to $2 million a month.