AP Photo/Jae C. Hong

President Barack Obama’s plan for preventing foreclosures and helping to stabilize the housing market is serious in scope and imaginative in approach — as far as it goes.

The plan, announced Wednesday in Mesa, Ariz., needs a hammer to…

Unemployed people wait in line at an unemployment office in Miami.

Many large corporations have been promised or are jockeying for billions of government bailout dollars as the ecomonic meltdown continues.

President George W. Bush, a self-described compassionate conservative, walked his talk…

No, but you . . . you . . . you’re thinking of this place all wrong — as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house, right next to…

Fannie Mae and Freddie Mac have been called the platypus of American business, an ungainly mixture of private business backed by the public purse.
A platypus is one of the few mammals that can lay an egg. Fannie and Freddie laid a…

Amid the hoopla of the presidential campaign last week, as candidates were delivering their hopeful economic messages, a dull missive from the government’s bean counters landed with a thud:
The White House Budget Office said it expects next year’s federal deficit to…

The Treasury Department and the Federal Reserve rode to the rescue of Fannie Mae and Freddie Mac over the weekend, promising to lend freely to the giant mortgage companies and provide capital if necessary.
The government’s goal was to fend off…