WSJ.com: Economy
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White House Weighs Jobs, Deficit
The White House is lukewarm about proposals by Democrats to introduce legislation to create jobs, instead favoring targeted measures that would be less likely to inflate the deficit.
Existing-Home Sales Jump 10.1%
Home resales leaped up 10.1% in October, rising far more than expected as a fat tax credit offset fears about joblessness.
States Hit by Drop in Tax Collections
Tax collections tumbled 11% across 44 states in the third quarter, suggesting that government revenue will remain depressed long after the economy has recovered from recession.
Scholarship Funding Divides Michigan
Michigan Gov. Jennifer Granholm has launched a bid to salvage a $100 million college-scholarship program that she sees as critical to diversifying her state's flagging economy.
Gold Jumps to Fresh Record High
Gold surged to a fresh record high as investors sought insurance against a sliding dollar and the risk of inflationary bubbles in other assets.
Euro-Zone Private Sector Expands
Private-sector activity cross the 16-nation euro zone grew at the fastest pace in two years in November, data showed.
Cameron: BOE Should Steer Regulation
The U.K. Conservative Party leader said he believes it would make sense for the Bank of England to take control of macroprudential regulation.
IMF Chief Warns on Stimulus Exit
The world's developed economies emerged from recession in the third quarter, but IMF chief Dominique Strauss-Kahn said further stimulus is needed before governments can let down their guard.
OECD Economies Post Growth
The world's developed economies emerged from recession in the third quarter, as their combined GDP grew for the first time since the first quarter of 2008.
Thai Economy Improves
Thailand's economy showed a modest growth in the third quarter as economic conditions at home and overseas slowly recovered.
Census Hiring Boosts Job Market
The job market will receive a fleeting jolt next year when the U.S. Census Bureau hires more than one million workers for its 2010 count.
Most States See Higher Jobless Rates
Unemployment rose in 29 states in the U.S. during October, hinting the threat posed by weak labor markets might be growing.
Hungary Cuts Interest Rates
The Hungarian central bank cut the base rate on two-week bills for commercial banks to 6.5% from 7%, in line with analysts' expectations.
Recession Isn't Only Burden That Germany Needs to Shed
The news that the recession is over might be the least important development in the German economy in recent months.
Congress Wants Tighter Oversight of Fed
Many Democrats and Republicans praise Bernanke, but some say the financial crisis requires an overhaul of the Fed's responsibilities and tighter congressional oversight.
Weak Power Demand Dims Outlook
Electricity sales remained weak in the third quarter, prompting speculation that the sluggishness could persist even after the U.S. economy rebounds.
Economy Expands in Mexico
Mexico's economy expanded for the first time in a year during the third quarter, growing 2.93% from the second quarter, official data showed Friday.
ECB Takes Step Toward Crisis Exit
The European Central Bank announced its first active step to unwind the stimulus measures it has used to support the financial sector since the global crisis last year.
New Jobless Claims Flat at 505,000
The number of U.S. workers filing new claims for jobless benefits last week remained unchanged at 505,000. Leading indicators edged up last month.
Deflation's Return Weighs on Japan
The Bank of Japan faces mounting pressure to loosen its policy as deflation tightens its grip on the nation's economy.
Russia Weighs Cross-Border 'Tobin' Tax
Aimed at curbing currency speculation, such a move would follow other commodity-exporting countries like Brazil and Indonesia.
Black Caucus Stalls Finance Overhaul
In an example of how the weak economy is overtaking Obama administration priorities, the Congressional Black Caucus forced the House to shelve its financial overhaul for two weeks.
Stimulus-Jobs Tally in Doubt
The White House stepped back from claims that the stimulus plan created or saved 640,329 jobs through September, in the face of criticism over errors in reports.
Taking Sides Over Need for Jobs Bill
With the U.S. unemployment rate at 10.2% and rising, pressure on the government to do something to create jobs is mounting. The question is what the U.S. government can, should and will do about it.
PBOC Sees Rising Domestic Demand
PBOC Chief Zhou Xiaochuan said China is making progress on stimulating domestic demand and the central bank was closely following housing demand, which is robust.
Ch ávez Discounts Accuracy of GDP
Venezuelan President Chávez wasn't pleased with recent data showing the country's economy tumbling into a recession, so he came up with a solution: Find a new, "Socialist-friendly" gauge.
Britain Needs Lower Energy Costs To Sustain Growth
Policies remain remarkably short-sighted
Fear of Double Dip in Housing
Housing starts tumbled 10.6% in October, the lowest level since April, adding to doubts about the vigor of the economic recovery.
OECD Sees Stronger Recovery
The global economic recovery will be stronger than previously expected, but it will take years to bring unemployment and government debt back to pre-crisis levels, the OECD said.
Hiring Boom in Mortgage Restructuring
Mortgage restructuring for strapped homeowners has emerged as a rare growth area in the economy as companies in the field keep hiring.
BOK Warns on House Prices
The Bank of Korea said Thursday that it may take preemptive measures, including macroeconomic policy steps, if a rise in house prices continues unabated despite the government's introduction of stricter rules on mortgage lending.
Sarkozy Receives Spending Proposals
Sarkozy received proposals from a high-profile commission to invest $52.36 billion to boost economic growth in the medium term, but the plan has been criticized for increasing the country's already spiraling debt.
