With the chances increasing of America sliding into recession under the weight of an intensifying housing slump, the sub-prime crisis and the credit crunch, Mr Bush said the federal deficit would reach $410bn for the budget year 2008 that ends on ...

Correspondent The Senate failed Wednesday to advance a $200 billion economic stimulus package that includes hefty rebates for most taxpayers, thwarting a measure designed to avert a recession in an election year ... "This stimulus bill will ...

The latest evidence of intensifying inflationary pressures means the Federal Reserve, which has been focused almost completely on stimulating the slowing economy to prevent recession, "needs to stop ignoring inflation," said First Trust Advisors ...

By Martin Crutsinger Associated Press WASHINGTON -- After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year ... from ...

CHICAGO _ Hoping to avert a recession in the U ... " A small number of additional cuts may be needed, Naroff said, "but I believe the Fed will succeed in keeping us out of a steep and protracted ...

The galloping energy prices are doubly painful as the nation teeters on the edge of recession: High energy costs push companies to charge shoppers higher prices, and then those consumers and businesses cut back in turn, dumping more cold water on ...

Some analysts believe fears of a recession, which would hurt airlines, have already been factored in. Gary Chaison, an industrial relations professor at Clark University, said he thinks Northwest and Delta are "operating out of high anxiety" due ...

By Associated Press SINGAPORE -- Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared to the last major recession, but expensive fuel continues to hurt bottom lines, an airline industry group said ...

Ooops There goes the Horse! Quick, Close the Barn Door! Ooops There goes the Horse! Quick, Close the Barn Door! Ooops There goes the Horse! Quick, Close the Barn Door! Ooops There goes the Horse! Quick, Close the Barn Door! Bush’s... ...

"There's no question the economy has slowed down," he said, before adding, "I don't think we're headed to recession ... "People are struggling in the midst of an economy that George Bush says is not a recession - but is experienced ...

By GILLIAN WONG By Gillian Wong The Associatd Press SINGAPORE Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared with the last major recession, but expensive fuel continues to hurt ...

recession without a collapse in oil prices in the last 30 years," said James Williams, head of WTRG Economics, an Arkansas-based energy consulting firm ... recession, that is the tipping point," he ...

Many believe the country has sunk into recession and all the problems - if not contained - will deepen and prolong the pain ... "Now the issue is fighting the deeper recession," said Brian Bethune, economist at Global ...

Economists said the retail sales gain should ease concerns the economy is about to tumble into a recession, although they said overall growth in the current quarter is still likely to beweak given the headwinds battering consumers ... They ...

In contrast, manufacturing output was flat - the poorest showing in three months as factories were feeling the effects of a slowdown that has raised worries the country is slipping into a recession ... Some economists believe the GDP will turn negative ...