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.

Macy's is the latest retailer to admit the recession has hit it hard. On Monday the chain announced layoffs of 7,000, or 4% of its workforce.

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.

One day after President Barack Obama tore into Wall Street for its "shameful" $18 billion in 2008 bonuses, the Senate chimed in with a "salary cap" bill, aimed at limiting compensation for those companies accepting government bailout money.

One day after Barack Obama went to Capital Hill to drum up support for his stimulus bill, reports are that he is planning an evening get-together with House and Senate leaders, a sort of cocktail party to grease the wheels for the package.

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.