Taxpayers could find themselves footing the bill for much more than just bad mortgage and investment decisions, amid reports that some executives involved in the situation may be entitled to recover millions of dollars in legal costs from the government.
The National Association for Business Economics is predicting that the economy will rebound in 2009 – but not before continuing to struggle in the short term.
Ongoing instability in the stock market may offer a silver lining to those saving for retirement.
More banks could apply for their share of the government’s $700 billion rescue package than was originally estimated, according to a report in the Wall Street Journal.
Older Americans could be financially penalized unless the rules governing mandatory retirement account withdrawals are amended, the AARP has warned.
As another year of Halloween-inspired frights has just passed by, Citizens Against Government Waste has used the opportunity to point out some scary government behavior that has taken place over the past few months.
The slowing economy and concerns about the availability of credit were at the heart of the Federal Open Market Committee’s unanimous decision to cut the federal funds rate by half of a percentage point on Wednesday.
Investors who are looking for a low-risk and high-yield place to store their wealth may be interested in exploring opportunities offered by inflation-linked savings bonds (I Bonds).
President Bush and Congress may have attempted to quell the volatility of the stock market by approving the $700 billion bank bailout, but some experts are suggesting the move has had the opposite effect.
Gold is traditionally viewed as a safe investment in troubled economic times. However, the price has been falling lately – a trend which has left many experts confused.