recession

More than four out of 10 Americans say the economy is in a serious recession, a belief that has grown stronger within the past few weeks, according to a poll released Thursday.

In the midst of a recession, huge job losses are expected to continue for at least several more months. But what really worries economists is that the job market could be slow to recover even when the economy begins to improve.

Stocks fall in Europe as the economic picture darkens.  Reports could show unemployment rise. Eléctricité de France bids for Constellation Energy.    

Well, now it's official: we're in a recession. And we know when it began: December 2007, according to the official arbiter of business cycles, the National Bureau of Economic Research (NBER), which made the announcement Monday.

So now the question is: when will it end, and how deep will it get?

With word that the U.S. officially sank into a recession last December, the Fed chairman and the Treasury secretary said they would use all the tools at their disposal.

The dollar gained against the euro and the British pound Monday after a slew of dismal economic reports and official word that the U.S. economy has been in a recession since December 2007.

The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month.

The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.

As you pile the family into the car and head home for Thanksgiving, you may want to give a little thought to how your home state is weathering the economic crisis.

In this recession, maybe even more than other ones, the last ones to join the middle class will be the first ones out.