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• Video: Economy in turmoil
Average student loans among the two-thirds of college undergraduates who have borrowed rose an estimated 5 percent in the past year alone, to $22,000, says the nonprofit Project on Student Debt; many also have credit-card debt. As the economy weakens ...
• Exploring the worst-case scenario
Economists are beginning to warn of a depression-like cycle where an inability to obtain credit stalls growth, triggering more defaults and still tighter lending terms. Governments have unveiled one unprecedented move after another in the past three ...
• High anxiety still rules on Wall Street
NEW YORK - High anxiety on Wall Street won't subside this week as the deepening credit crunch pushes the global economy into recession, and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather ...
• McCain has 3 weeks to reverse Obama lead
... country out of its worst economic crisis in 80 years. The U.S. economy, the dominant issue in the presidential campaign for weeks, has now become a voter obsession as the stock market fell nearly 20 percent last week alone and vital sources of credit ...
• Congress may propose a second stimulus plan
If they are successful, a lame-duck session of Congress two weeks later would allow them to start work on a response to the credit crunch that has sent stock prices plummeting and also threatens to trigger a deep recession. It often takes two or ...