financial meltdown

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  • Freddie Mac posts $5 billion loss Freddie Mac posts $5 billion loss

    Freddie Mac, the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration" in housing. Read more »

  • Jobs now, deficit reduction later Jobs now, deficit reduction later

    Policymakers in Washington are in a quandary--one that has arisen before at this early, fragile stage in a recovery--over what to do about the federal deficit. Read more »

  • Services sector grows, job losses decline Services sector grows, job losses decline

    The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday. Read more »

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