When you saw how well retail sales held up last month, you might have been tempted to think American consumers had fallen back into their free-spending ways. But if you look beyond the headline number to see just what it is folks are buying, you’ll find

U.S. Senate leaders have agreed to a bipartisan bill to establish a $300 billion rescue fund for troubled mortgages and a new regulator for Fannie Mae and Freddie Mac, lawmakers said on Tuesday.

Japan is closely working with the U.S., its most important ally, to tackle soaring oil and food prices, the main topics of an international meeting starting Friday, Japan's finance minister said.

Orrick, Herrington & Sutcliffe has found one upside to the credit crunch: It's suddenly able to hire Goldman Sachs bankers. The firm announced Monday that Howard Altarescu, a vice president at Goldman, Sachs & Co. who led the bank's mortgage finance gro

Shares in Fannie Mae and Freddie Mac appeared to steady Monday after a near-meltdown last week, as investors mulled a weekend plan offering a government lifeline for the US mortgage finance giants.