Dec 4th, 2008 · El Paso, Texas, and Ciudad Juarez in Mexico are economically tightly intertwined. The economic downturn in the U.S. is hurting the hundreds of assembly plants just across the border as a raging drug war that's killed some 1,400 people in Juarez this year is squashing tourism.
Dec 4th, 2008 · In another potentially big move to boost the economy, the Treasury Department is said to considering a plan to lower mortgage rates for home buyers to as low as 4.5 percent. That would be for 30 year fixed rate loans. Treasury officials aren't talking about the plan publicly.
Dec 4th, 2008 · As the housing industry slows down, the demand for wood has dropped. Sawmills in the Pacific Northwest are feeling the pinch.
Dec 3rd, 2008 · Scores of U.S. businesses plan to forgo their annual bash as a response to the slumping economy. One business consultant says the decline in parties doesn't bode well for the futures of the companies cutting back.
Dec 3rd, 2008 · The financial crisis has battered the state of Michigan with high unemployment and rampant foreclosures. And the state's lifeblood — the auto industry — is in trouble. Michigan Gov. Jennifer Granholm discusses how the state is coping with the tough economy.
Dec 3rd, 2008 · Several states are trying to boost their budgets by luring Hollywood movie productions. Louisiana even offers tax credits to filmmakers who produce movies in the state. Greg Albrecht, chief economist for Louisiana's legislature, discusses how to justify such incentives in a rough economy.
Dec 2nd, 2008 · The board responsible for assessing economic cycles announced Monday the U.S. economy is in a recession, and has been for nearly a year. Jeff Frankel, a Harvard professor and a member of the Business Cycle Dating Committee for the National Bureau of Economic Research, offers his insight.
Dec 2nd, 2008 · In this tough economy, it can be difficult to come up with extra money for holiday shopping. Our personal finance contributor says one way to increase your budget is to sell those unneeded items stored in your garage or closet.