Rob Carr / AP
Jim Press, president and vice chairman of Chrysler, addresses a town hall rally in Baltimore.
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Pelosi says Congress won't let Big 3 carmakers go bankrupt
By Kevin G. Hall and David Lightman | McClatchy Newspapers
Their fates now in the hands of lawmakers, Detroit's Big Three automakers are girding for congressional hearings later this week to determine if they'll receive a government bailout of as much as $34 billion or face the prospect that at least one of them might file for bankruptcy. They got an important declaration of support from House Speaker Nancy Pelosi on Tuesday. » read more
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- On the Web | Ford Bailout Plan
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- On the Web | Chrysler bail-out proposal
Spotlight
In Olathe, retailers report good sales despite economy
By Kelli Bamford | Olathe News
The holiday shopping season kicked off with a bang nationally on Black Friday. According to ShopperTrak RCT, shoppers drove total retail sales up 3 percent over 2007, just days before the National Bureau of Economic Research announced that the U.S. economy is officially in a recession. » read more
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In Olathe, retailers report good sales despite economy
The holiday shopping season kicked off with a bang nationally on Black Friday. According to ShopperTrak RCT, shoppers drove total retail sales up 3 percent over 2007, just days before the National Bureau of Economic Research announced that the U.S. economy is officially in a recession. » read more
Christmas tree sales enjoy a growth spurt
Shoppers may buy fewer holiday gifts this year, but they don't appear to be skimping on Christmas trees. Local tree farms say opening weekend Christmas tree sales have far outpaced last year's numbers. » read more
Middle class has been shrinking for decades
Well, the economists finally made it official this week: We're in a recession. And, guess what? They said it began a year ago. » read more
Help arrives for the newly needy
On Tuesday, just hours after the Critical Need Response Fund was unveiled, Jeriann Allen and her three children were making their first visit to one of the free food pantries sponsored by Loaves & Fishes. It is among five charities that were given immediate grants of $50,000 or $100,000. » read more
America confronts the crisis
- · NC's Mecklenburg county could face bond debt problems
- · Myrtle Beach pets lose in downturn
- · Cruise lines slash prices to entice consumers
- · Pelosi says Congress won't let Big 3 carmakers go bankrupt
- · Florida, banks halt foreclosures for 45 days
- · Frugal folks fix what they've got
- · Auto slump hits hard in car-mecca California
- · With economy souring, illegal immigrants going home
- · Not everyone is a loser in today's struggling economy
- · Merced's food bank doing brisk business
- · N. Carolina bickers over who can sue Freddie Mac over losses
- · Borrowers move as new bailout plan drops mortgage rates
- · N. Carolina governor says new state buildings will create jobs
- · Hard bargain: Retailers brace for decline in spending
MCCLATCHY SPECIAL REPORTS
Fallout on Main Street
McClatchy's Tony Pugh and the American News Project's David Murdock and Mike Fritz traveled through America to see how the financial crisis is affecting Americans and their families. Their reports covered the "Fallout on Main Street" from tony Greenwich, Conn., to the farms of Ohio. View the full project.
Foreclosure in Greenwich.
ALL EYES ON THE ECONOMY 
Economy Q&A
McClatchy correspondents Kevin G. Hall (left) and Tony Pugh are available to answer your questions about the economic meltdown at home and abroad, and what's in store for ordinary Americans.
» Miami Herald: Financial experts answer your money questions
