Finance

Fannie Mae Offers Option to Foreclosure

Mortgage giant Fannie Mae has launched a new program that will allow struggling homeowners to stay in their homes.

Gov't. Risked Trillions of Taxpayer Dollars

Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets.

New Jobless Claims Drop to 512K, Lowest Since Jan.

The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months.

October Sales Offer Relief to Merchants

Consumers, enticed by cooler weather, early holiday discounts and an improving economy, offered some relief to the retail industry in October.

Congress Set to Clear Aid to Jobless, Homebuyers

Congress is one vote away from sending the president legislation that continues aid to more than a million jobless people and extends tax breaks to hundreds of thousands of prospective homebuyers and struggling businesses.

Gold Extends Gains as Dollar Weakens

Gold prices have rallied to another new high on the back of a weaker dollar.

Fed Likely to Keep Key Interest Rate at Record Low

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.