Economy News
Sens. John McCain and Barack Obama both left President Bush's financial bailout meeting at the White House after 5 p.m. Thursday with no apparent deal worked out.
Government data show the number of new applications for unemployment benefits jumped last week to its highest level in seven years due to the impact of Hurricanes Ike and Gustav and a weak economy.
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 U.S. households during the holiday season.
Wall Street slumped Thursday afternoon and the S&P 500 closed at an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff.
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