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You Can Get $8,000 Cash For Buying Your First Home

Updated: 03/01/2009 - Is President Barack Obama's stimulus plan already working? Maybe. In Colorado Springs real estate agents say business has picked up over the last two weeks since President Obama signed his plan into law. Under President Obama's plan, qualifying first-time home buyers get $8,000 on their tax return next year.

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Rocky Mountain News: "Goodbye, Colorado"

Updated: 02/27/2009 - Questions about the future of the Rocky Mountain News were becoming so common, the newspaper's staff put up a handwritten paper sign on the news desk that said, "We don't know."

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FDIC Raising Fees On Banks, Adds Emergency Fee

Posted: 02/27/2009 - Federal regulators are raising the fees paid by U.S. banks and thrifts, and levying an emergency premium to rebuild a deposit insurance fund depleted by a cascade of bank failures.

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Government Now Holds 36% Share in Citigroup

Posted: 02/27/2009 - A deal has been made for a third rescue attempt in the past five months for struggling Citigroup. The U.S. government will exchange up to $25 billion in emergency bailout money for as much as a 36 percent equity stake.

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General Motors Loses Big

Posted: 02/27/2009 - New details have been released about just how much money General Motors has lost and what it's going to take to get the company out of this dire situation.

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Citigroup Reaches Deal with Government

Updated: 02/27/2009 - Citigroup has announced it has reached a deal that will allow the U.S. government a stake in up to 40-percent of the company. But will the bailout require more taxpayer dollars?

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Report: Economy Shrank At Staggering Pace

Posted: 02/27/2009 - The government says the economy shrank at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century. Consumers and businesses ratcheted back spending, plunging the country deeper into recession.

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Colorado Stimulus Spending Still A Mystery

Updated: 02/26/2009 - Confused about how much economic stimulus money is coming to Colorado and how it will be spent? So are the people overseeing the $2 billion purse.

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Why It's A Good Time To Buy A Car

Posted: 02/26/2009 - This could be a good time to buy a new car. Dealers hammered by the recession are eager to make sales to bring in cash and move inventory off their lots.

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US Banks Post First Quarterly Loss Since 1990

Posted: 02/26/2009 - The nation's banks lost $26.2 billion in the last three months of 2008, the first quarterly deficit in 18 years, as the housing and credit crises escalated.

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Obama Plans Boost For Low-Income Housing

Posted: 02/26/2009 - President Barack Obama is proposing a big spending increase for programs that provide housing to the poor and invest in neighborhoods with large concentrations of poverty.

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Parking Fines to Double

Posted: 02/26/2009 - Don't let that meter run out! Parking fines in Colorado Springs and area cities are set to increase on March 2, 2009.

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Unemployment Claims Reach Highest Rate in 27 Years

Posted: 02/26/2009 - The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week as employers cut thousands of jobs amid a deepening recession.

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Demand for Big-Ticket Goods Weaker Than Expected

Posted: 02/26/2009 - The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January as global economic troubles cut into demand from customers both in the United States and abroad.

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Need a Job?

Posted: 02/25/2009 - Despite our current economy, there are still jobs available in our community. Employers from Albertsons to Qwest are looking for employees with all different education levels and experience.

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Gov't Says 'Mass Layoffs' Soared in January

Posted: 02/25/2009 - The Labor Department says mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up by almost 50 percent from the same month last year.

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President Vows to Lead Nation To Brighter Future

Updated: 02/25/2009 - President Barack Obama promised a nation shuddering in economic crisis Tuesday night that he would lead it from a dire "day of reckoning" to a brighter future, summoning politicians and public alike to shoulder responsibility for hard choices and shared sacrifice.

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President Says Country Will Rebuild, Emerge Stronger

Updated: 02/24/2009 - In an excerpt of his speech to Congress Tuesday night, Obama said that while the economy has been weakened and Americans' confidence shaken, the country will rebuild, recover and will emerge stronger than before.

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