Washington (AP) — The Senate passed long-delayed legislation Thursday designed to open up credit to small businesses and award them with other incentives to expand and hire new workers. Democrats won a 61-38 vote to pass the legislation, joined by ...

Tagged with: credit SBA Small Business Administration

By KATHLEEN MILLER Associated Press Writer ANNAPOLIS, Md. (AP) — It’s hard to find a job in this economy, and now some people are facing another hurdle because potential employers are holding their credit histories against them. Sixty percent of ...

Tagged with: credit economy

By BEN FELLER Associated Press Writer LAS VEGAS (AP) — President Barack Obama is unveiling $1.5 billion in housing help, a boost timed to his appearance in the city with the worst foreclosure crisis in the nation. Obama’s move, detailed ...

Tagged with: credit home builders housing mortgages Obama

By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low. Fed Chairman Ben Bernanke and his colleagues ...

Tagged with: banks Bernanke credit economy Fed Federal Reserve interest rates Obama Treasury

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Consumers borrowed less for a record ninth straight month in October, according to the Federal Reserve. It was another sign that consumer spending will remain weak, making it harder for the ...

Tagged with: consumer spending credit economy Fed Federal Reserve

By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Home resales for October are projected to rise to the highest level in more than two years as first-time buyers, anticipating that a tax credit would soon expire, rushed to ...

Tagged with: credit Fed Federal Reserve foreclosure home sales Mortgage Bankers Association stimulus

By ALEX VEIGA AP Real Estate Writer SAN DIEGO (AP) — Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the Great Depression, ...

Tagged with: credit home prices homeowner mortgage NAR National Association of Realtors

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. The ...

Tagged with: consumer credit Fed Federal Reserve jobs spending

A security guard watches the empty offices of the Universal Studios in Dubai, United Arab Emirates, on Aug. 6. AP Photos by Kamran Jebreili Adam Schreck AP Business Writer Dubai, United Arab Emirates — Walk through the grand arched entrance ...

Tagged with: credit Dubai Emaar Properties tourism United Arab Emirates