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Congress has passed legislation extending jobless benefits through the December holidays, keeping checks flowing to laid-off workers who would otherwise lose them.

Economists, money managers and traders who watch the markets closely say you can't assume previous bear market measures mean much.

Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years as financial and energy stocks tumbled.

Oil prices on hit levels not seen in more than three years and retail gas prices are now below $2 across nearly half of the country on dour reports suggesting an economic pullback.

Treasury Secretary Henry Paulson says the financial crisis now plaguing the world economy is an event that happens "once or twice" in 100 years.

Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.

The Federal Reserve announced Thursday that it will hold a hold a two-day meeting in December to weigh its next move on interest rates and to make a fresh assessment of the U.S. economy.

Could it be that in this case a whiff of deflation may help us get out of the crisis?

GMAC Financial Services, the financing arm of General Motors, said it applied to become a bank holding company, making it eligible for aid under the government’s bank rescue plan.

Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral  called deflation. Here's what's at stake.