Next president to inherit record budget deficit (AP)

Bernanke: further interest-rate cuts 'feasible' (AP)
AP - Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy...

Panel says US has been in recession since Dec. '07 (AP)
AP - A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year.

Obama: Economic rescue will trump deficit fight (AP)
AP - The economy growing weaker, President-elect Barack Obama said Tuesday that recovery efforts will trump deficit concerns when he takes office in January. Yet he pledged a "page-by-page,...

Economy shrinking, home prices dropping (AP)
AP - The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost...

Consumer confidence unexpectedly rises in November (AP)
AP - A private research group says consumer confidence rose in November, but Americans' views on the economy remain gloomiest in decades.