Economy

Obama budget projects $1.3 trillion deficit this year

President Barack Obama expects the federal budget deficit to reach $1.33 trillion this year, administration officials said Friday evening, the fourth straight year of trillion-dollar deficits. » read more

Posted on Fri, February 10, 2012

Union Pacific plans billions in infrastructure investment

Union Pacific said today that it plans to hire thousands more workers and invest several billion dollars this year, which marks the railroad’s 150th anniversary. » read more

Posted on Fri, February 10, 2012

Obama hails bank settlement; broader impact unclear

State and federal regulators announced on Thursday a settlement worth at least $25 billion with Bank of America and four other large banks, ending several years of litigation over alleged foreclosure abuses. The deal offers some help to struggling homeowners, but experts view it more as a moral victory with limited impact on the broader housing market. » read more

Posted on Thu, February 9, 2012

Some recession-hit horse owners freeing animals into wild herds

From his pickup on a rise above the Current River, Bill Smith scanned the wild horses grazing below to see if all were members in good standing.

That's not always the case these days with Missouri's only wild horse herd, which descends from animals set free in the Great Depression by farmers who couldn't afford to feed them. » read more

Posted on Thu, February 9, 2012

Poll: South Carolina sees economy getting better

The majority of South Carolinians think their financial situation is fair to good and getting better, according to the latest Winthrop Poll released today. » read more

Posted on Wed, February 8, 2012

ECONOMY Q&A

hall & pugh

McClatchy correspondents Kevin G. Hall (left) and Tony Pugh are available to answer your questions about the economic meltdown at home and abroad, and what's in store for ordinary Americans.

Sign up for email newsletters now!

Sign up for email newsletters now!

Never miss a McClatchy story