WASHINGTON — More than half of cities have cut staff, canceled construction projects or raised fees this year, according to a report from the National League of Cities that catalogs the vast damage from shrunken property- and income-tax revenue. Cities ...

Tagged with: Fees housing income tax property tax Recession revenue staff Unemployment

NEW YORK — Stocks have closed sharply lower after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession. The Dow Jones industrial average fell as much as 527 points, the second ...

Tagged with: dow dow jones dow jones industrial average Economy federal reserve imf investors Recession stock market Stocks wall street world bank

NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell ...

Tagged with: dow jones federal reserve france germany international monetary fund New York Stock Exchange Recession standard and poor's Stocks Stocks treasury note wall street

Howard County Executive Ken Ulman spoke to reporters and and editors at The Daily Record in an exclusive interview about Maryland's broadband initiative, transportation issues and how the county is trying to bounce back from economic recession.

Tagged with: broadband Howard County Executive Ken Ulman ken ulman newsmakers Recession The Daily Record Transportation video

WASHINGTON — Businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March. The Commerce Department says business inventories rose 0.4 percent in July following a similar gain in June. ...

Tagged with: Business commerce commerce department consumers Economy Manufacturing Recession sales stockpiles washington

NEW YORK — Wal-Mart is bringing back something its customers have been asking for since the Great Recession: layaway. The world’s largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway plan from Oct. 17 ...

Tagged with: Business Economy holidays merchants Recession Retail shoppers Wal-mart

NEW YORK — Parents have a new goal this back-to-school shopping season: Buy their kids the name brands they want without spending like it’s 2007. After the recession began in late 2007, cost-conscious consumers sought out the cheapest shirts and ...

Tagged with: back-to-school back-to-school shopping budget Gap Nike Recession shoppers Wal-mart

WASHINGTON — Service firms that employ 90 percent of the U.S. work force expanded at a slightly faster pace in August. But the sector remains too weak to help an economy that is barely growing and struggling to create jobs. ...

Tagged with: dow jones industrial average expansion institute for supply management job creation jobs Recession service service firms service sector U.S. economy washington westminster work force

CERNOBBIO, Italy — Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday — with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility. ...

Tagged with: Business Congress consumer confidence Economy europe finance germany global economy greece oil prices Recession Unemployment united states

WASHINGTON — Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession. The government also reported that the unemployment rate remained at 9.1 percent. It ...

Tagged with: Barack Obama Congress Economy employers jobs Labor Department private sector Recession Unemployment white house