Layoffs are at their highest rate since 2003. A leaner holiday season is more likely.
Banks will still need to recapitalize and start lending again.
Economists hope the proposed bailout will boost confidence and end the cycle of falling real estate values.
A stronger US currency reduces inflation pressures, but American exports could run into head winds.
Amid housing bust, foreclosures vex communities trying to hold dereliction and crime in check.
It's mobilizing aid for its sister city, the capital of China's earthquake-stricken Sichuan Province.
A decline in miles driven is the first since 1980.
Despite a 3/4-point rate cut Tuesday, mortgages are costlier than a month ago.
Members of the Dena'ina Athabascan tribe, completely surrounded by metropolitan Anchorage, struggle to preserve their language and culture.