After International Monetary Fund and European Union officials began an interim review of Greece's efforts in their debt crisis, Moody's Investors Service slashed the country's credit rating to junk status.
The consumer pause in May came after seven months of gains in retail sales. There's some concern about a 'double dip' recession, but most forecasters see the economy recovering at a slow pace.
Private sector businesses added just 41,000 new jobs in May, leading Republicans to criticize Obama's economic plan. But analysts see a few bright spots.
Investors are wracked by uncertainty. Might Greece still default on its debt? Might Germans pull back financial support? Which country might be next? The questions are unsettling stock prices.
The US healthcare reform law creates much more paperwork for insurance firms – and plenty of new business for Indian outsourcing companies.
Moody said Monday that it would consider downgrading its triple-A rating for US Treasury Bonds if Washington continues to pile up record deficits. The move would make it significantly harder for the US to finance its debt by borrowing from other countries.
A look at the wave of debt crises spreading around the globe.
The February jobs report showed the unemployment rate steady at 9.7 percent and 36,000 jobs lost. Hiring may get a boost in March.
Harrisburg, Pa., is debating whether to declare Chapter 9 bankruptcy. As cities struggle to balance their budgets, more may consider the option.
Administration celebrates one-year anniversary of stimulus package. But Americans worry about high unemployment.