Debt Counseling

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Related Debt News for our Selfridge Air Natl Guard MI visitors

Reuters - President-elect Barack Obama sought to rally support on Thursday for a massive fiscal stimulus package by warning that the United States could remain mired in recession for years without bold action.

AFP - US president-elect Barack Obama on Thursday warned that only immediate and massive spending to jolt the world's largest economy could avert a deep recession and double-digit unemployment.

Reuters - Unemployment benefit rolls swelled to a 26-year high in the last week of December, data showed on Thursday, while retailers, including market leader Wal-Mart, reported poor sales as the year-long economic slump deepened.

AP - President-elect Barack Obama warned of dire and lasting consequences if Congress doesn't pump unprecedented dollars into the economy, making an urgent pitch for his mammoth spending proposal in his first speech since his election.

AFP - Ireland suffered another economic body blow on Thursday as US computer giant Dell announced the closure of a major regional plant, slashing 1,900 jobs in the recession-hit former Celtic Tiger.

AP - The number of people continuing to seek unemployment benefits has risen sharply, according to government data released Thursday, indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.

AFP - Organizers of balls celebrating Barack Obama's presidential inauguration on January 20 are rolling out special offers to entice revelers amid deepening economic turmoil in the United States.

Reuters - Wal-Mart Stores Inc led U.S. retailers in disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.

Reuters - The Bank of England cut interest rates by half a percentage point on Thursday to a record low of 1.5 percent and economists expect it to cut again in February as it battles to prevent Britain from falling into a deep slump.

AFP - US department chain Macy's said Thursday it would close 11 underperforming stores amid tough economic conditions and reported sales fell sharply in the critical year-end holiday shopping season.

Reuters - Bleak economic data in Europe and disappointing December retail sales figures in the United States unsettled financial markets on Thursday, strengthening the case for more government stimulus and encouraging rate cuts.

AFP - Nearly half of potential US car buyers have put off buying a new vehicle as economic uncertainty caused many to reassess the value of their current vehicle, a survey released Thursday found.

AP - South Korea is moving closer to recession, the government said Thursday, as key indicators worsen amid a shrinking global economy.

Reuters - Citigroup forecast a synchronized global recession in 2009 and said developed economies may "flirt" with deflation while emerging market economies will slow sharply, adding that global corporate earnings were only a quarter of the way through an expected 50 percent drop.

Reuters - Lenovo Group, the world's fourth-biggest PC maker, forecast a quarterly loss as China's slowing economy hit sales, and said it will axe 2,500 jobs as part of a restructuring to cope with falling demand for computers.