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Deficit lower than White House projections

Unnamed administration officials quoted by David Cho of The Washington Post say the federal deficit is lower than the White House’s initial projections. The...

Bankruptcy lawyers charging $1,000 an hour

I guess there must be a bright side for somebody in any economic downturn, and top bankruptcy lawyers seem to have found it. As hard times hit more businesses, they are charging upwards $1,000 per hour or more for company restructurings, Bloomberg reports.

LIVE BLOG: Perlmutter’s telephone town hall on financial crisis, bailout

Democratic Rep. Ed Perlmutter is holding a telephone town hall with constituents about the economy, financial crisis and plans for economic relief.