Retail sales plunge a record 2.8 percent in October, suggesting a dismal outlook for holiday spending.
Even without plunging auto and gasoline sales, October's rate was still -0.5 percent – a gloomy sign for holiday shopping.
His top priorities are stimulus proposals, the 'G-20' summit, and picking a Treasury chief.
A sharp drop in demand is driving the industry to pursue a bailout.
An interest-rate move Wednesday could make some loans cheaper than at any time since 2003.
They’re looking for balance between ‘free trade’ and protection for American workers.