General Motors, Ford and Daimler Chrysler, the auto industry's "big three," asked Congress for a $25 billion "lifeline" to save them from collapsing.

This holiday season, you've got a better chance of getting into an Ivy League college than getting a job.

China will try to prevent its economy from breaking down by investing $586 billion on new housing, infrastructure and tax cuts. In relative terms, that's three times more than the U.S. has spent on its own rescue plan.

The chief of staff for President-elect Barack Obama wants to provide financial aid to America's ailing auto industry. General Motors, once one of America's strongest companies, could be bankrupt within the year.

Young people and people with lower incomes will be the hardest hit by the recession, according to labor experts.

U.S. employers cut 240,000 jobs last month. Over one million Americans have lost their jobs this year.

U.S. factories cut back production to a 26-year low last month, according to a report by Institute for Supply Management. Economist Robert Macintosh: "It means we're in a recession, it's as simple as that."

Bottled water companies are hyping their product to keep consumers from choosing tap water.

Auto giant General Motors is asking the U.S. government to bail it out to facilitate a merger with Chrysler.

U.S. officials are considering a $50 billion plan to help an estimated three million homeowners avoid foreclosure.