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Panel Wants Fuel Taxes Hiked To Fund Highways

Posted: 01/01/2009 - A federal commission created by Congress is recommending a 50-percent increase in gasoline and diesel fuel taxes as a way to finance highway construction and repair.

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Treasury Lays Out Details For Auto Aid

Posted: 12/31/2008 - The Treasury Department says it will decide on a case-by-case basis whether other companies connected to the struggling automotive industry should be provided emergency aid from the government's $700 billion bailout pot.

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Stocks Edge Higher After Drop In Jobless Claims

Posted: 12/31/2008 - The Labor Department says initial applications for unemployment benefits fell by 94,000 to 492,000 for the week ending Dec. 27. The drop, which partly reflects seasonal adjustment difficulties tied to the Christmas holiday, is a greater drop than analysts had been expecting.

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Fed To Start Buying Mortgage-Backed Securities

Posted: 12/30/2008 - The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market.

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Stocks Pull Back Amid Middle East Tensions

Posted: 12/29/2008 - Wall Street has ended an erratic session with a moderate loss as continuing violence in the Middle East reminded investors that the market could face problems beyond the recession.

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Stocks Under Pressure

Posted: 12/29/2008 - Stock prices are down in light trading at midday on Wall Street.

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Southern Colorado Store Hours

Updated: 12/24/2008 - Although many southern Colorado shopping centers and stores will shut their doors during the Christmas holiday, most are staying open for at least part of Christmas Eve.

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V-P-Elect Discusses Stimulus Plan

Posted: 12/23/2008 - Vice President-elect Joe Biden says a new economic stimulus package will not be "politics as usual."

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Treasury Provides Support For Another 92 Banks

Posted: 12/23/2008 - The Treasury Department says it has provided an additional $4.7 billion to 92 banks as part of the government's $700 billion rescue of the financial system.

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IRS Collections From Audits Fall In 2008

Posted: 12/22/2008 - The IRS says its collections from audits and other reviews fell this year for the first time in a decade as the agency focused more of its limited resources on ensuring that people got their economic stimulus checks.

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Ritter Details Proposals To Boost Economy

Posted: 12/18/2008 - Tax breaks for companies that create jobs and more money for job training are among the proposals Gov. Bill Ritter will push next year to stimulate Colorado's economy during a recession.

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Banks, Investment Firms Borrow Less From Fed

Posted: 12/18/2008 - The Fed report shows commercial banks averaged $88.4 billion in daily borrowing over the week ending Wednesday. That was down from $90.2 billion in average daily borrowing logged over the week ended Dec. 11.

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