There is little debate about whether the U.S. economy is in a recession. The question is how painful and long the downturn will be.

German production stalls in June
Industrial output in Germany grew by just 0.2% in June, adding to fears the economy is on the brink of sliding into a recession.
US loses 62,000 jobs during June
US firms cut jobs for a sixth month in June, stoking fears the world's largest economy is heading for a recession.
Bonds rise after weak jobs report
Bonds rose Friday morning after a disappointing report on the U.S. job market raised fears that the economy is in a recession.
Drop in US consumer morale
US consumer confidence fell to a five-year low in February, a survey indicates, fuelling fears the economy is in recession.
Senate Showdown: Vote nears on economy
Amid growing fears that a recession is imminent, the Senate is poised for a showdown over politically contentious proposals intended to spur the...
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