US President-elect Barack Obama says that America's economy is very sick and the situation is worsening.

Chrysler says its December U.S. sales plunged 53 percent, blaming a tough economy with driving customers from showrooms.

Will Obama's stimulus plan really work?

Amid current pessimism over the global economy, more reports of layoffs have surfaced online.

President-elect Barack Obama will meet with top lawmakers in Washington today as he begins his push for a massive package of tax cuts and spending proposals aimed at reviving the economy, CNNMoney.com reports. A senior democratic official confirms to CNN that Obama is planning a major speech on the economy Thursday.

The President-elect is heading to Capitol Hill to push for quick action on a broad economic stimulus package that congressional leaders are saying won't be ready until mid-February at the earliest.

Stimulus plan may not be ready by Jan.20, as Obama wanted.

"WE are a leading player in the food and beverage sector of the Nigerian economy. We are currently looking for young, self-motivated, creative and target driven professionals to fill the position of Business Development Manager in our organisation.

Labour and the Conservatives are both set to lay out their plans on how to deal with the economy.

The British economy and consumers are set to benefit from falling oil prices over the coming three years, a think tank says.

Gordon Brown says his priority for the year is working on getting the UK economy back into shape, not a general election.

Reuters - A top Federal Reserve official on Sunday urged "pulling out all the stops" by implementing a big fiscal stimulus program to turn around a possible long period of economic stagnation in the United States.

The recession has reached the ritzy Rainbow Room, the special-occasion spot that overlooks midtown Manhattan from high above the tourist-attracting Rockefeller Center skating rink.

The Irish developer Sean Dunne, who became a symbol of the country?s boom, faces a foundering economy.

AP - The recession has reached the ritzy Rainbow Room, the special-occasion spot that overlooks midtown Manhattan from high above the tourist-attracting Rockefeller Center skating rink.

President-elect Barack Obama urged congressional leaders Saturday to move quickly on an economic recovery plan, even as some Republicans are saying they want more time to review the details.

Reuters - President-elect Barack Obama on Saturday said the struggling U.S. economy could face more challenges and urged lawmakers to act quickly on recovery proposals even as some Republicans expressed concerns about plans for a huge stimulus package.

President-elect Barack Obama on Saturday said the struggling U.S. economy could face more challenges and urged lawmakers to act quickly on recovery proposals even as some Republicans expressed concerns about plans for a huge stimulus package.

Romania's runaway economy hits the buffers

Both President-elect Barack Obama and Vice President-elect Joe Biden will huddle with Democratic and Republican congressional leaders on Monday to try to advance a huge economic stimulus bill that Obama hopes can be enacted quickly, despite Republican reservations.

Tax cuts could be included in the upcoming federal budget as one way of stimulating the economy in the face of a global financial crisis, Finance Minister Jim Flaherty said Friday.

Reuters - Both President-elect Barack Obama and Vice President-elect Joe Biden will huddle with Democratic and Republican congressional leaders on Monday to try to advance a huge economic stimulus bill that Obama hopes can be enacted quickly, despite Republican reservations.

A battered economy will mean tightening belts, changing customer allegiances, and the Web as the platform of choice.

Declining demand for autos isn't just an American problem, auto sales in Spain plunged 28.1 percent in 2008. - Fri, 2 Jan 2009 12:49:08 GMT

Signs that the economy could turn even weaker in 2009 grew Friday, as an index of December manufacturing activity sank to its lowest point in 28 years.