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Debt Consolidation & Pennsylvania Credit Counseling

Friday, December 5th, 2008

Fiveforks Pennsylvania

Our Fiveforks Pennsylvania debt consolidation program allows you to make a single monthly payment that is in turn distributed to your creditors.

Since the average Pennsylvania household has 14 credit cards, debt consolidation companies were created to help those families concerned with credit debt elimination.


FREE Fiveforks Pennsylvania Debt Consultations
FREE Fiveforks Pennsylvania Debt Consultations

We have qualified counselors standing by to help you with a specialized debt consolidation program. Resident of Fiveforks PA Pennsylvania can fill out the form on the right for a FREE Pennsylvania debt consultation now!



Jobless data show US in recession (AFP)

US President George W. Bush, seen here on the South Lawn of the White House, acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.(AFP/Saul Loeb)AFP - US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.


 
Bush: Any aid to automakers must be paid back (AP)

President George W. Bush walks away after making a statement on the economy, Friday, Dec. 5, 2008, on the South Lawn of the White House in Washington.  (AP Photo/Evan Vucci)AP - Using the word "recession" for the first time to describe the U.S. economy, President George W. Bush demanded that Congress adopt his approach to an auto bailout and require car companies to pay back any federal aid.


 
Lawmaker warns of automaker job loss "disaster" (Reuters)

Christopher Dodd (L), chairman of the Senate Banking Committee and Senator Richard Shelby listen to testimony from the leaders of the big Detroit automakers during hearing on a financial assistance package for the companies on Capitol Hill, December 4, 2008. (Joshua Roberts/Reuters)Reuters - A senior U.S. congressional leader warned on Friday of an "unmitigated disaster" if a major U.S. automaker were allowed to collapse at a time when the economy is already losing jobs at an alarming pace.


 
Employers cut 533K jobs in Nov., most in 34 years (AP)

Minnie Lawrence, right, works with training career coach Latrisha Payne on how to find employment at the Super Jobs center, Friday, Dec. 5, 2008, in Cincinnati. (AP Photo/Al Behrman)AP - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.


 
U.S. recession to deepen in coming months: ECRI (Reuters)
Reuters - A measure of future U.S. economic growth and its annualized growth rate both ticked up in the latest week, but they still suggest the recession will intensify in the near future, a research group said on Friday.
 
Bush worried about automakers (Reuters)
Reuters - U.S. President George W. Bush said on Friday that he was concerned about the viability of the auto manufacturers and that Congress must act next week on a plan to help them restructure.
 
Brazil inflation unexpectedly slows in November (AP)
AP - Brazil's inflation unexpectedly slowed in November, the government said Friday, rising at a rate lower than analysts had predicted.
 
Bush statement won't include stimulus call: W.House (Reuters)
Reuters - President George W. Bush will not call for or endorse the need for a new economic stimulus package in his statement on the economy on Friday, the White House said.
 
Massive US job losses rock markets, confidence (AFP)

A trader on the floor of the New York Stock Exchange after the opening bell on December 2, 2008. Massive and much worse-than-expected US job losses in November sent markets reeling, sparking concerns whether current efforts to tame a deepening recession are going to be enough.(AFP/Getty Images/File/Spencer Platt)AFP - Massive and much worse-than-expected US job losses in November sent markets reeling Friday, sparking concerns whether current efforts to tame a deepening recession are going to be enough.


 
Home loan troubles break records again (AP)

A foreclosure sign stands on top of a sale sign outside an existing home for sale in the west Denver suburb of Lakewood, Colo., on Sunday, Sept. 28, 2008. An industry group said Friday, Dec. 5, 2008, a record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.  (AP Photo/David Zalubowski)AP - A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.


 
US sheds 533,000 jobs (AFP)

President-elect Barack Obama introduces Bill Richardson as his commerce secretary on December 03, 2008 in Chicago. The US economy lost a stunning 533,000 jobs in November and the unemployment rate jumped to a 15-year high of 6.7 percent, the Labor Department said Friday.(AFP/Getty Images/File/Scott Olson)AFP - The US economy lost a stunning 533,000 jobs in November and the unemployment rate jumped to a 15-year high of 6.7 percent, the Labor Department said Friday.


 
US, China pledge to jointly tackle global crisis (AP)

U.S. Treasury Secretary Henry Paulson, left, shakes hand with Chinese Premier Wen Jiabao during their meeting at the Zhongnanhai leadership compound after the end of the  U.S. China Strategic Economic Dialogue in Beijing, China, Friday, Dec. 5, 2008.  China is urging Washington to rein in debt-fueled spending and stabilize its economy in high-level talks on their commercial relations, reflecting Beijing's growing economic assertiveness.(AP Photo/ Elizabeth Dalziel, POOL)AP - The United States and China pledged Friday to work together to tackle global financial turmoil as they wrapped up economic talks but left open whether the high-level dialogue will continue under President-elect Barack Obama.


 
Grim jobs data throws focus back on central banks (Reuters)

Albert Jennings of Laborers Union Local 89 looks at his place on the job list at his local union hall in San Marcos, California November 7, 2008. (Mike Blake/Reuters)Reuters - The U.S. economy hemorrhaged more than half a million jobs in November, data showed on Friday, underscoring the depth of a global recession that this week prompted historic interest rates worldwide.


 
Chile reports 4.1 economic growth (AP)
AP - Chilean officials say the economy grew by 4.1 percent in the 12 months
 
Late mortgage payments and foreclosures hit record (Reuters)
Reuters - Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday.
 
U.S. job losses worst since 1974 as downturn deepens (Reuters)
Reuters - U.S. employers axed payrolls by 533,000 jobs in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy.
 
Obama calls for 'urgent' resolve after job loss figures (AFP)

President-elect Barack Obama, seen here on December 03, 2008, called for an AFP - President-elect Barack Obama on Friday called for an "urgent" effort to put people back to work and to stimulate the US economy after the release of the worst job loss figures in 34 years.


 
Crisis likely to worsen before it improves: Obama (Reuters)

Facing a string of grave foreign policy crises, Barack Obama, seen here last month in Chicago, was set to name his one-time rival Hillary Clinton as secretary of state in a national security team stacked with political muscle.(AFP/File/Stan Honda)Reuters - President-elect Barack Obama said on Friday that the economic crisis is likely to get worse before it improves as he called for a stimulus plan to create jobs over the next two years.


 
W.House says working to fix housing, credit markets (Reuters)
Reuters - The White House said on Friday it will continue working to fix the U.S. credit and housing markets after a new government report showed employers last month cut the highest number of jobs in more than three decades.
 
Pimco says jobs point to dismal Q4 (Reuters)
Reuters - Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., or Pimco, said the 533,000 drop in U.S. non-farm payrolls in November points to a contraction of gross domestic product of 4 or 5 percent in the fourth quarter.
 

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