Recession

Hoping to gain a greater grip on the economy, President-elect Barack Obama today announced a new presidential advisory board, which will be headed by former Fed chairman Paul Volcker

Seven Goldman execs to give up millions of dollars in bonuses amid economic crisis; Japan officially in recession, while U.S. Senate takes up potential auto bailout

Big-box store vows to cut prices on holiday-related items, gifts, every week until Christmas as shoppers look for savings in economic downturn

Treasury, FDIC working on plan to have government guarantee the mortgages of up to three million distressed homeowners; GDP shows signs of recession

Futures indicated a sharp drop on Wall Street today as foreign markets tumble; England on brink of recession

As more employers impose hiring freezes or cut jobs altogether, here are five ways you can prepare yourself if you think you’re going to get the ax

President stresses that government intervention in markets is temporary, limited; Warren Buffett urges investors to buy American

New economic data shows consumer spending way down, as Fed chairman warns that economic recovery won’t happen right away

President Bush today to announce plan for government to buy stake in nation’s nine largest banks to stabilize market

G7 countries to meet at the White House this weekend to swap ideas on how to stem global financial crisis

Congressional leaders say package could reach $150 billion to spur Americans to spend money; lawmakers would be asked to vote in lame-duck session

The New York Times: Treasury officials say $700 billion bailout deal gives them authority to infuse cash and take stake in banks that need it

Lawmakers said it’s a bill to benefit Main Street America, not just Wall Street; Dems warn more needs to be done to fix regulatory oversight

The $15.1 billion all-stock deal is being done without government help, something Citigroup didn’t offer; new U.S. payroll data is grim

Vote on $700 billion package could come as early as midday; unclear whether there are enough votes to pass, but looking good