Financial & Economic Blog

The Obama administration lost a bid to add a powerful weapon in its fight against foreclosure Thursday, after the Senate voted down a proposal to allow bankruptcy judges to modify mortgages.img src="http://feeds2.feedburner.com/~r/rss/money_latest/~4/bLpoAQQkaPs" height="1" width="1"/

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Treasury prices held steady Thursday as investors weighed newfound optimism about the U.S. economy with a massive amount of supply headed to market.img src="http://feeds2.feedburner.com/~r/rss/money_markets/~4/O0AbiIicHSQ" height="1" width="1"/

A congressional effort to subsidize new cars sales for consumers who scrap old ones is gaining momentum, as leaders seek to help the struggling auto industry.img src="http://feeds2.feedburner.com/~r/rss/money_latest/~4/McsOI23StFI" height="1" width="1"/

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With Chrysler declaring bankruptcy, what may happen to the storied carmaker's 22 U.S. plants and thousands of workers is an open question.img src="http://feeds2.feedburner.com/~r/rss/money_latest/~4/1GJkIzDT3Bs" height="1" width="1"/

"I have every confidence that Chrysler will emerge from this process stronger and more competitive," President Obama said today as the automaker filed for bankruptcy and entered into an alliance with Fiat.img src="http://feeds2.feedburner.com/~r/rss/money_latest/~4/Gg2LhI9SVc0" height="1" width="1"/