Recession

07 January 2008 -- President Bush says the U.S. economy remains resilient, despite signs of a slowdown in growth and higher unemployment figures.

Recent weeks have seen a sobering string of economic news, from a sharp spike in unemployment to continued housing foreclosures to record-setting energy prices. Many economists are openly discussing the possibility of a recession this year, after more than four years of uninterrupted economic expansion.

President Bush says it is understandable that Americans are anxious about the economy.    » read more »

05 December 2007 -- American consumers are being squeezed by higher oil prices, falling home prices and a falling dollar. Some analysts are turning pessimistic about the economy and worrying that hard times lie ahead.

US in recession? Raising gas prices has some thinking that it is possible.
The U.S. in recession? Rising gas prices have some thinking that it is possible.
For many Americans the economy is turning sour.

The rising price of gasoline is making the commute to work more expensive.    » read more »