Group: Bad credit threatening US economy
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Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.
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Low interest rates fueled the housing boom and the overall economy, but the price of money is edging upâpotentially threatening the nation's financial strength.
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By Kathleen Gallagher, Milwaukee Journal Sentinel  Sep. 25--American consumers are being hit with a double dose of bad economic news: anemic wage growth and a sluggish housing market.
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The double whammy of a worsening housing slump and a credit crunch is punching the economy in its gut. That's likely to mean a period of slower activity in the months ahead.
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Terrorism poses the biggest short-term threat to the US economy, a panel of top business economists said in a survey.
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A downward spiral of falling house prices and reduced mortgage lending threatens the economy, an economist warns.
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The crisis in the US housing market risks spreading to the whole of the nation&#39;s economy, European Central Bank chief Jean-Claude Trichet said Monday on behalf of world central bankers.
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A group of economists say mismanagement is inflicting a huge cost on the country's economy.
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Investor's Business Daily - Credit woes are easing and its impact on growth will be muted, Robert Steel, Treasury undersecretary for domestic finance, told CNBC. &quot;The U.S. economy is strong and we&#39;re optimistic the penalty (on growth from credit woes) will be modest,&quot; he said. Credit markets should mostly be functioning normally by year-end, he said.
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More than a million homeowners could be at risk of serious financial difficulty in an economic slowdown, City regulator warns
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions
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US Federal Reserve chairman Ben Bernanke warns that the outlook for the US economy is deteriorating.
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The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains.
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Two Federal Reserve officials said Monday that problems in housing and mortgage lending have begun to threaten the overall economy.
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Problems in the U.S. subprime  mortgage market are unlikely to push the U.S. economy into a  recession over the next 12 months, the top economist for a  leading U.S. business group said on Tuesday.
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Federal Reserve policy-makers  worried that a credit crunch could sharply brake economic  growth and require big interest rate cuts, according to minutes  of the Fed's December 11 policy meeting, released on Wednesday.
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Fed chairman Ben Bernanke revives fears that the crisis in the sub-prime lending market could derail the US economy.