From This Collection
Interest rates for banks that borrow from the Fed will remain near zero percent for the next two years. But keeping rates that low for that long is unprecedented and making such a bold statement carries risk.
Michael Bissonette, mayor of Chicopee, Mass., discusses how the S&P downgrade decision is already affecting his city and its plans for expansion and job growth
The downgrades of Fannie Mae and Freddie Mac could make it more difficult for Americans to buy a house, and further damage the wider economy