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2009 deficit forecast: $482 billion
The Swampby Frank James Bad news on the budget-deficit front. The Bush Administration shared with the nation today its forecast for the federal budget deficit: A record-setting $482 billion for fiscal year 2009. But there was good news too. Jim Nussle,......Tags: Budgets and Budgeting, National Government, Economy, Government, State Budgets
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Layoffs at new high: Gallup
The Swampby Katie Fretland Layoffs reported by employees across the United States have reached the highest level in five years, and 75 percent of Americans say now is a bad time to find a quality job, according to a new Gallup......Tags: Layoffs and Downsizing, Career and Workplace, Employees, Energy, Credit and Debt
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Deficit for 2008: near record $407 billion
The Swampby Frank James The weak economy is driving up the deficit to a near record $407 billion for the current fiscal year and deficits for at least the next two fiscal years will be almost as high, according to the......Tags: John McCain, Government, Economy, Fannie Mae, State Budgets
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Budget deficit: Record $438 billion
The Swampby Mark Silva For the record, the federal budget defict reached a new record in the 2008 budget year, which ended last week: $438 billion. For the new year, the president's Office of Management and Budget already has projected another......Tags: Budgets and Budgeting, National Government, Government Debt, Bill Clinton, Government
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Financial, economic gloom grows
The Swampby Frank James The pressure is only increasing on federal policymakers grappling with the financial and economic slide. The Dow Jones Industrial Average closed below 9,000, 680 points down this afternoon, signaling that the financial panic continues. Part...Tags: Stock Market, BNP Paribas, John McCain, Economy, Stock Activities
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Barack Obama drives through Florida
The Swampby John McCormick SARASOTA, Fla. - With his frontrunner presidential campaign on cruise control, Sen. Barack Obama certainly had plenty of car analogies during a late-morning speech inside a baseball stadium here. There was a "ditch," a "dead end street,"...Tags: John McCain, Services and Shopping, Economy, Government, Halloween
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Economy shrank 0.3% in third quarter
The Swampby Frank James This goes into tell the tell-us-something-we-don't-know category. The Commerce Depart. reported this morning that the economy was really, really bad in the third quarter, contracting by three-tenths of a percent. The number is an early...Tags: Business, John McCain, Government, Economy, Election Day
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Personal spending fall has political aspect
The Swampby Frank James Consumer spending is about 70 percent of the economy, definitely the dog that waves the tail. So when it falls substantially, as it did in September, the economy is in a hole it can't crawl out of......Tags: John McCain, Consumers, State Budgets, Barack Obama, Politics
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Shrinkage: Statements on a contracting economy
Spin CycleMcCain and Obama campaigns reacting to the announcement that GDP shrunk .3 percent in the third quarter. Both totally political, using the number as a springboard to attack the other guy. First, McCain advisor Douglas Holtz-Eakin: "Today's announcement...Tags: National Government, John McCain, Economy, Government, Energy
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Jobless data downside surprises experts
The Swampby Frank James More bad economic news today on the unemployment front. Jobless claims climbed to the highest level in seven years last month. What's truly unnerving is that the numbers are coming in even worse than economists and other......Tags: Career and Workplace, Unrest, Conflicts and War, Trade Balance, Imports, Economy, Business and Finance
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Consumers hunker down even further
The Swampby Frank James Layoffs are being announced in the tens of thousands. Foreclosures have hit record levels. Billions of dollars of home equity have been wiped out for millions of Americans. Credit is difficult to get. Incomes are static. Mix......Tags: National Government, Unrest, Conflicts and War, Consumers, Government, Economy
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Red Bows Sell Cars Despite Down Economy
KickingTiresThis weekend, a mob crushed a store employee to death in search of good bargains. Even with consumer confidence at a low this holiday season, people spent more money this Black Friday than last. However, most shoppers say they'll be......Tags: Services and Shopping, Religious Festivals, Sales, Advertising, Joseph Phillippi
Jul 29, 2008
|Blog| Chicago Tribune
Aug 20, 2008
|Blog| Chicago Tribune
Sep 9, 2008
|Blog| Chicago Tribune
Oct 7, 2008
|Blog| Chicago Tribune
Oct 10, 2008
|Blog| Chicago Tribune
Oct 30, 2008
|Blog| Chicago Tribune
Oct 30, 2008
|Blog| Chicago Tribune
Oct 31, 2008
|Blog| Chicago Tribune
Oct 30, 2008
|Blog| Newsday
Nov 13, 2008
|Blog| Chicago Tribune
Nov 14, 2008
|Blog| Chicago Tribune
Dec 1, 2008
|Blog| Cars.com
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