Recession fears looming larger over White House race
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Republican White  House hopefuls differ over whether the United States is headed  for a recession but agree the economy faces serious risks --  from housing market turmoil to record-high oil prices.
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The race for president has a hot new issue: what to do about the economy's credit crunch. And the candidates, as usual, do not agree.
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Republican Mitt Romney revived his flickering White House hopes Tuesday, powering to a Michigan primary victory as worries about the US economy increasingly defined the 2008 election battle.
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The Christian Science Monitor - Within the space of a few weeks, economic worries have displaced the Iraq war as the top political issue in the United States, upending the carefully laid plans of presidential candidates and causing Congress and the White House to consider emergency measures intended to prevent â or moderate â a looming recession.
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The latest sign of trouble for the White House.
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The White House and the Federal Reserve are likely to come under increasing pressure now that turmoil in the financial markets appears to be spreading to the wider economy.
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A rush by President Bush and Democratic leaders to assemble an economic stimulus package to stave off a recession is being complicated by a potentially debilitating brew of presidential politics, ideological differences and special interest lobbying.
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The threat of growing protectionism  and higher taxes are the issues nearest and dearest to  investors as the U.S. presidential election gathers steam this  week with Tuesday's primary in New Hampshire.
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Democratic White House hopeful John Kerry launched a two-week tour focusing on the economy as a new poll showed President George W. Bush vulnerable on the key campaign issue.
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Fresh signs emerged Tuesday that the U.S. economic slowdown may be intensifying, increasing the odds of a recession:
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Democratic presidential challenger John F. Kerry begins the fall campaign on the defensive and faces the urgent necessity to make the race about the economy and other domestic
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Wall Street sized up its options on Wednesday in a drawn-out presidential election campaign likely to pit a Republican with a history of breaking party ranks against one of two Democrats clamoring for change.
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Both employment statistics and the bond market are indicating that the U.S. could be heading toward recession.
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More steps by Congress and the Bush  administration are likely needed to stabilize the imploding  U.S. housing market, a senior White House official said on  Tuesday, as more signs of distress appear.
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More steps by Congress and the Bush administration are likely needed to stabilize the imploding U.S. housing market, a senior White House official said on Tuesday, as more signs of distress appear.
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High oil prices, a stagnant labor market -- and the lack of a more forceful response from the Bush campaign -- have sparked worry among White House allies that the administration's economic team has been too content cheerleading instead of setting more detailed plans for a second term.
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Voters are growing increasingly concerned about a recession, and the malaise is filtering into their views on the presidential election, according to a Reuters/Zogby poll released on Wednesday.