Recession 2009

Millions of Americans have lost jobs and businesses during the worst recession in recent history. This crisis has affected Black Americans disproportionately as many of them live in cities directly hit by crises such as the auto industry bust and discriminatory lending. Have you been affected by the recession? Tell us your story. -NewsOne Staff […]

WASHINGTON – Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year.

LAS VEGAS — President Barack Obama is unveiling $1.5 billion in housing help, a boost timed to his appearance in the city with the worst foreclosure crisis in the nation.

SAN FRANCISCO – The nation’s public schools are falling under severe financial stress as states slash education spending and drain federal stimulus money that staved off deep classroom cuts and widespread job losses.

WASHINGTON – Republicans sparred with President Barack Obamain their Saturday media addresses over proposals to create jobs, further evidence of the difficulty of bipartisan solutions to the nation’s pressing problems.

From BlackNews.com: Chicago, IL — A landmark study released today by Feeding America, the nation’s largest domestic hunger-relief organization, reports that there has been an increase of more than one million additional African Americans in need of emergency food assistance each year since 2006.

WASHINGTON – Trimming budget deficits is as important as creating jobs to sustain the economic recovery, President Barack Obama said Saturday.

From Bloomberg.com: Jan. 26 (Bloomberg) — Verizon Communications Inc., coping with subscriber losses at its fixed-line phone business, plans to cut about 13,000 jobs at the division this year after posting fourth-quarter revenue that missed analysts’ estimates.

WASHINGTON – President Barack Obama is set to announce a series of economic initiatives Monday aimed at helping struggling middle class families.

WASHINGTON – President Barack Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing them out during the financial crisis, saying if they can afford billions more in bonuses, they can pay back the taxpayers, too.

From CNN.com: A year after the election of America’s first African-American president, blacks in the United States are expressing optimism about racial progress not seen in a quarter-century, according to a new report by the Pew Research Center.