The Latest Breaking News from Great Recession

​Before Tim Walz was Democrats' vice-presidential nominee, he broke with his party and opposed the Great Recession's auto industry bailout.

UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession

Recessions are more than just a slowing economy, volatile stock market and a bad spell of data. Behind the numbers and jargon are real people — and real livelihoods at stake.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008

Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.

Some would say the 20th century ended at Y2K — midnight on Jan. 1, 2000. Others would say that, as a historical phenomenon, it extended until the shock of Sept. 11, 2001. And others still might cite the Great Recession or even the election of Donald Trump as the real…

The California Public Employees' Retirement System reported a loss of more than 6% last fiscal year, its first negative investment return since the Great Recession, the state pension fund said Wednesday.

The U.S. stock market officially entered a market correction recently with the S&P 500 down 20% from all-time highs. Many have pointed to the potential of a recession and searches for the term are hitting record highs on Google.