Recession Worse Than Prior Estimates, Revisions Show (Update1)

They say that government spending is not beneficial to the economy and that lowering governments burden on taxpayers is a better route.

Stocks Slide; Citigroup, P&G Drag on Dow

The Dow Jones Industrial Average finished January down 8.84% on the month. Perviously, the worst January for the Dow had been that of 1916, when it fell 8.64%.

Hussain is one of a thousand entrepreneurs cashing in on Baghdad's cultural boom in these heady economic days following the ouster of this nation's former dictator.

WASHINGTON - Unemployment is up. The stock market is down. Let's party.

ST. LOUIS -- Inside the gym at the Dunbar Elementary School, with fluorescent light soaking the crowd, Pandora Crosby took the microphone."How do I say thank you for all you've done for me?" she sang, filling the room with gospel. "How do I say thank you?"

The company that owns the Los Angeles Times, Chicago Tribune and Chicago Cubs baseball team is preparing for a possible bankruptcy filing as it attempts to renegotiate $12 billion in debt with banks and other creditors, a Tribune Co. executive said Sun.

Detectives are investigating the theft of a trailer and elaborate children's playhouse from an industrial area in El Rio on Nov. 21, Ventura County Sheriff's Department officials said Tuesday.

A record one in 10 American homeowners with mortgages were at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy.