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President Obama: Good evening. Now, before I take questions from the correspondents, I want to give everyone who’s watching tonight an update on the steps we’re taking to move this economy from recession to recovery, and ultimately to prosperity.
Now, it’s important to remember that this …

Today the government released information detailing what it plans to do to buy into banks’ troubled assets.
Banks really needed to get rid of the troubled assets to go forward with lending but here’s what was keeping them held up:
Risk-taking institutional investors, like hedge funds and …

Following what WaMu said is an unreasonably low price of $1.9 billion sale to JP Morgan Chase, the failed savings and loan company is suing the FDIC for over $13 billion.
WaMu filed a complaint with the U.S. District Court for the District of Columbia accusing …

Yesterday when the Federal Reserve decided to print $1.2 trillion and pump the money into the economy, including buying $750 billion in mortgage backed securities and $300 billion in Treasury debt, every news source said it was a good move that would bring down mortgage …

New jobless claims fell to 646,000 from the revised figure from the previous week of 658,000.
However continuing claims were up 185,000 to a seasonally adjusted number of 5.47 million jobless collecting unemployment. The number is more than the 5.33 million economists were expecting.
When jobless rates …