In the latest attempt to address the ailing housing market, the government on Monday announced changes to a federal program that will make it easier for struggling homeowners to refinance to today's near-record low rates.
When my parents arrived at Wesleyan for my graduation, they were very proud -- of themselves and of me. They hadn't known much about college when they had first sent me off to school. My father (like his father) was a furrier, and my mother had given up big band singing to raise a family. She sold clothes from our suburban basement to help make ends meet.
Vice President Joe Biden's communications director, Jay Carney, was named the new White House press secretary Thursday as part of a series of other big staff moves announced by new Chief of Staff Bill Daley.
He famously stirred controversy with his observations about women and science while running Harvard, but in his current post as director of the White House's National Economic Council, Larry Summers received a warm welcome from the female power brokers at Fortune's summit.
Here's a telling statistic about the toll the recession is taking on Main Street: This year, the government's top small business lending program got loans to 25,000 fewer entrepreneurs than it did last year.
Vice President-elect Joe Biden will chair a meeting of the presidential transition team's top economic advisers on Tuesday, as the incoming administration tries to craft and sell an expected $775 billion economic recovery package to Congress, CNN learned.
President-elect Barack Obama on Tuesday nominated Peter Orszag to head the Office of Management and Budget (OMB), the president's chief number-crunching department, and said he sees "tough choices" ahead in determining programs to keep or cut.
President-elect Barack Obama is expected to nominate Harvard economist Lawrence Summers as head of the National Economic Council, making him Obama's top economic adviser in the White House, two sources close to the transition told CNN.
Virginia Gov. Tim Kaine, who successfully rode a message of traditional Democratic ideals and moral values to victory in November, will deliver his party's rebuttal to President Bush's State of the Union address later this month, Democratic sources said.
NEW YORK (CNN/Money) - The Bush administration is said to be considering a change in its proposal for individual Social Security accounts that would make them more attractive to workers, according to a report published Thursday.