Adding still more money to the proposed stimulus package, the Senate on Wednesday approved an up to $15,000 tax credit for new home buyers.

This morning Barack Obama unveiled his plan to limit executive compensation for companies taking federal bailout money to $500,000. Here is the full transcript of his speech.

In its monthly report on U.S. job cuts, outplacement company Challenger, Gray & Christmas said tbat planned layoffs at U.S. firms in January reached a seven year high, showing the recession continues to gain steam.

Just a few days after Sen. Claire McCaskill (D-MO) introduced a bill that would cap executive pay at companies receiving bailout money at the President's salary ($400K), President Barack Obama plans to announce his own pay limit rules.

On a day when every major new car company reported dismal sales figures, the Democrats in the Senate pushed to add incentives to the stimulus plan that would reward buyers of new cars.

As a budget stalemate continues, California has been forced to begin issuing IOUs, as the state runs dangerously low on cash.

As the United States continues to reel in the wake of a recession that seems mostly of Wall Street's own making, Barack Obama spoke to The Today Show on Monday and warned of more bank failures.

In a horrific murder-suicide, Ervin Anthony Lupoe shot and killed his wife and five young children, then took his own life Tuesday, in apparent despair after the couple lost their medical technician jobs at Kaiser Permanente in W. Los Angeles.

In the wake of the worst holiday shopping season in memory, retailer chain Target has announced layoffs.

Macy's lowered its Q4 outlook, taking a tip from Intel, and warning investors and analysts that it did not escape what some say were the weakest holiday sales in decades.

Intel on Wednesday released preliminary earnings figures, which will be finalized in time for its previously scheduled earnings announcement on Jan. 15th. These figures are far worse than the previous warning Intel gave on Nov. 12th.

In this recession and economy, a layoff isn't a surprise. But a layoff of 15,000 people, and from Microsoft, no less? That's nearly a recession unto itself.