March 2011 Headlines

Fed Names Banks that Drew Loans During Crisis

The Federal Reserve is naming the banks that drew emergency loans during the financial crisis.

Pentagon: Libya Mission Cost U.S. $550M so Far

The Pentagon announced Tuesday that the financial cost to taxpayers for the mission in Libya has reached $550 million so far.

Developing Economies' Lead Over Rivals Poses Risks

The world's biggest economies are recovering from the Great Recession at troublesome speeds: too fast or too slow.

Obama Pitches Plan to Spur Oil, Gas Production

Rising gas prices have forced President Obama to lay out a strategy to increase energy production in the U.S.

Americans' Tax Cuts Going into Gas Tanks

High gas prices are draining consumers of the extra money they're getting from the cut in Social Security taxes.

Amazon Launches Online Media Storage Service wants to be more than a destination for shopping online - it also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer.

Cost Shift Seen in Raising Medicare Age to 67

A new study on Medicare is revealing the difficulty in changing the current system.

Consumer Spending Rose 0.7 Percent in February

Consumers spending rose in February at the fastest pace in four months, but a big part of the increase went to cover higher gas prices.

Economy Grows at 3.1 Percent Rate at End of 2010

The U.S. economy grew a little faster at the end of 2010 than the government had previously estimated.

Portugal Faces Debt Crisis, Bailout Looms

Portugal's heavy debt resulted in Prime Minister Jose Socrates' resignation due to the country's opposition parties rejecting his proposal to reduce that debt.

New Homes Sales Continue to Plunge

New home sales dropped sharply in February, marking the third straight month of declines in the housing market.

Japan Disaster Likely to be World's Costliest

Japan's government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world's most expensive natural disaster on record.

Delta: Japan Crisis to Cut Revenue by up to $400M

The nation's No. 2 airline is also reducing the amount it flies to Japan and elsewhere to save money because of sharply higher fuel costs.

Pastor-Turned-Author: 'Break Free from Debt'

Pastor Deforest Soaries was trapped in what he calls "financial slavery." But once he acknowledged his money problems, he set out to fix them.

Oil, Food Prices Continue to Skyrocket

The ongoing turmoil in the Middle East is keeping oil prices high and that's having an impact on gasoline prices in the U.S.

Why Inflation Hurts More Than It Did 30 Years Ago

These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation.

Food, Gas Prices Rising at Higher Rater

Americans paid more for food and gas in February, as consumer prices rose at the fastest pace in nearly two years.

New-Home Construction Plunges in February

Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete.

Japan Pumps Billions of Dollars into Banks

Japan's central bank pumped billions more into the financial system Tuesday.

Fed Meets as Economic Risks Widen

The Federal Reserve meets Tuesday at a time of widening economic risks.

Retail Sales Up 1 Percent in February

Shoppers snapped up new cars, clothing and electronics in February, pushing retail sales up for the eighth straight month.

February Foreclosure Activity Slows Sharply

Foreclosures reached a 36-month low in February due to increased scrutiny of foreclosure proceedings by banks.

EU Debt Crisis Mounts as Market Strains Portugal

Europe's government debt crisis has flared up again in the run-up to two crucial meetings of EU leaders.

Experts: Shop Around for Best Gas Prices

Savvy consumers should compare gas prices because experts say it really pays to shop around for the best deal.

Anger Brews Over Government Workers' Benefits

Government workers in Wisconsin have rallied for weeks against Gov. Scott Walker's efforts to take away many collective bargaining rights.

U.S. Sets $223 Billion Deficit Record

Early figures indicate the federal government has set a new spending record with the largest budget deficit ever for one month -- $223 billion in February.

Oil Jumps to Near $107 Amid Fierce Libya Fighting

Oil prices climbed to near $106 a barrel Monday as intense fighting between Libyan government forces and rebels appeared to be turning into a civil war.

Retirement: Planning Financially for the Future

The retirement planning group Fidelity Investments says the average 401(k) balance is now at a 10-year high.

Key Economic Gains Point to Brighter Future

With leading indicators showing the economy gaining strength in the months ahead, analysts predict a brighter future for the job market.

Retailers Report Solid Gains in February

Retailers reported solid revenue gains for February, extending the strong spending momentum seen during the holiday season as the economic recovery takes hold.

Mideast in Crisis: Impact on Economy, 2012 Election

Our CBN News panel explores the impact massive changes in the Middle East are having on the U.S. economy and it's potential affect on the 2012 elections.

Bernanke: 'Oil Prices a Threat to Recovery'

In Washington, D.C., Federal Reserve Chairman Ben Bernanke says economic recovery is speeding up, but higher oil prices could definitely be a threat.

Gov't Watchdog Finds Billions in Budget Waste

There are too many agencies and people in the federal government doing the same job or delivering the same services, and it's costing taxpayers billions of dollars.