Americans find ray of hope in economic gloom

NEW YORK -- Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.

Oil hits 7-week low on demand worries

Businesses owe $58 billion in withheld taxes

NEW YORK -- Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.

Gov't OKs bonds for mortgage market

Martin Crutsinger

WASHINGTON -- The Bush administration and federal banking regulators joined with the nation's four largest banks Monday to endorse a new way to pump money into the battered U.S. mortgage market.

Merrill to sell troubled assets, raise capital

SLC multilevel marketer settles defamation lawsuit