Treasury seen nearing plan for Freddie-Fannie
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17 minutes ago Wall Street Journal reports that Treasury could announce a backstop for troubled mortgage buyers and senior management changes as soon as this weekend.
Oil prices slide on sinking energy demand
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CNNMoney.com
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51 minutes ago Oil prices fell to their lowest level in five months on Friday as investors worried that an economic slowdown could chip away at demand for energy.
Driving decline stresses federal highway fund
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CNNMoney.com
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1 hour, 45 minutes ago An unprecedented decline in driving will deplete the federal Highway Trust Fund by the end of September and prompted the Bush administration on Friday to ask Congress for an $8 billion emergency infusion.
Homes in foreclosure top 1.2 million
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2 hours, 36 minutes ago A record 1.2 million homes were in foreclosure during the second quarter of 2008.
McCain, Obama: Hey, big spenders
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2 hours, 41 minutes ago Republican presidential nominee John McCain has hammered home the message that he hates pork and wants to balance the budget by 2013.
No joke, bank stocks are rallying
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2 hours, 58 minutes ago Even after Thursday's selloff, shares of two bank stock indexes are up close to 40% since mid-July. But watch out, this rally may not last.
Bonds fall as stocks reel in losses
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CNNMoney.com
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Fri 1:29 pm ET U.S. Treasury bond prices were mixed Friday, as a recovery in the stock market overcame concerns about a spike in the national unemployment rate.
Josh gets a job
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Fri 12:35 pm ET Six months and hundreds of resumes later, a former mortgage underwriter finds job in commercial credit.
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