July 2011 Headlines

Wealthy or Not: Live Debt-Free, Retire Rich

It is estimated only 25 percent of baby boomers will be able to afford retirement. One financial advisor is trying to make sure many couples don't share that fate.

Economic Growth Slower than Expected

Recent numbers show the United States economy grew in the first half of the year, but at its slowest pace since the recession ended.

A Good Sign? Jobless Aid Applications Drop

Some analysts wonder if it's a sign the job market may be rising from its recent slump. 

Stocks Fall as Lawmakers Remain at Odds Over Debt

Stocks fell Wednesday as lawmakers remained at odds over how to avoid a debt default. A weak report on orders for manufactured goods also weighed on stocks.

U.S. Credit Downgrade Looking Likely

Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit?

AP Poll: Debt Fears on the Rise Again

Lawmakers in Washington aren't the only ones concerned about debt.  Many Americans are also worried, according to a new Associated Press poll.

Post Office Considers Closing Retail Outlets

The Postal Service is considering a move to close more than 3,600 of its offices in an effort to save money.

Blackberry Maker to Cut 2,000 Jobs, Splits COO Job

BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.

Not Old Yet: Boomers Take Marketplace by Storm

Baby boomers are now considered the most powerful consumers in the marketplace. CBN News explored why the tables have turned for the older generation.

Greece: Second Bailout Provides 'New Momentum'

Greece is breathing a sigh of relief after European leaders pledged to provide a second bailout to financially strapped nation.

New Home Construction on the Rise

The Commerce Department says builders began work on a seasonally-adjusted 629,000 homes last month -- a 14.6 percent increase from May.

Will Debt Stalemate Mean Economic Armageddon?

Many are prophesying catastrophe if politicians don't reach a deal to raise the debt ceiling by August. But some suggest such fears are overblown.

Price of Gold Hits Record High on Debt Fears

The price of gold hit another record high Monday, with the yellow metal exceeding $1,600 an ounce.

Economists: Hiring to Increase but Growth to Slow

Hiring is expected to pick up for the rest of 2011, but economists warn that overall economic growth will continue to be slow.

Debt Default Warnings Grow More Ominous

The stalemate in Washington could have serious implications for Americans -- especially with the news that Moody's may downgrade the nation's credit rating.

Treasury Dept: Budget Deficit to Top $1 Trillion

The federal budget deficit is on pace to break the $1 trillion mark for the third consecutive year, putting even more pressure on the White House and Congress to reach a deal to cut spending.

Bernanke: Fed Ready to Act if Economy Worsens

Federal Reserve Chairman Ben Bernanke said the Fed has several options at its disposal, including keeping interest rates low and buying more bonds.  

Ireland's Debt Lowered to 'Junk' Status

Moody's Investors Service says the Irish government may need more international financing to shore up its ailing economy when current support ends in 2013.

Safe Zone: Business Offers Shelter from Storms

A hair-raising encounter with two tornadoes inspired one Virginia couple to go into the shelter business.

Investors Losing Confidence in Italy, Spain

Italy, Europe's third-largest economy, could be the next country unable to meet its debt obligations. And Spain, Europe's fourth-largest economy, also faces a budget crisis.

Calif. City Wants to Drill on Nature Preserve

A California city that sought to protect 1,290 acres from oil companies now might drill on the same land.

American Companies Skittish as Default Looms

The president and GOP have remained intractable as they struggle to hammer out a deal that would trim trillions from the budget and raise the debt ceiling.

Obama's Fiscal Policies Hurting Small Business?

The U.S economy is nearly standing still. Ever aware of the dismal situation and its political implications, President Obama has shifted into candidate mode.

Hiring Slows as Unemployment Rises to 9.2 Percent

The latest jobs numbers are out and it doesn't look good for the U.S. economy.

Unemployment Hits Veterans Harder than Most

Unemployment remains high across the country. But one sector of society has been hit harder than most -- America's military veterans.

Retailers Post Strong June Sales

Colossal sales lured consumers into stores last month, but what's going to keep them shopping during the slow economic recovery is anyone's guess.

Portugal Adds Momentum to European Debt Crisis

Moody's investors service cut Portugal's credit rating to "junk" status Tuesday, despite the country's efforts to work out its money problems in May with a bailout package.

The Economic Recovery Turns 2: Feel Better Yet?

Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.

Manufacturing: The Economy's Shot in the Arm?

Some economists say manufacturing could be the engine that drives the U.S. economy back to health.