WASHINGTON (CNN) – Members of President-elect Barack Obama's transition team met with key officials in the Defense and State Departments Monday, including Secretary of State Condoleezza Rice.

WASHINGTON (CNN) — At the start of a week that could see Barack Obama make his first Cabinet secretary announcements, a new national poll suggests that most Americans are confident that the president-elect will make the right decisions when it comes to

A rapidly deteriorating situation in the U.S. auto industry may serve as the backdrop for a classic contest of political wills between the outgoing Bush administration on one hand and both President-elect Obama and the newly strengthened Democratic congre

Circuit City Stores Inc., the No. 2 electronics seller, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn.

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Stock markets around the world took another heavy beating Monday, with shares in Japan falling to their lowest level in 26 years, as fears of a global recession continued to sweep markets

President Bush said Saturday that despite diving stock markets and fears of global recession, now is not the time for nations to abandon open market policies or approve changes that would threaten free enterprise. News, Headlines and Latest Stories on Yah

Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five years as markets around the world skidded lower on the belief that a punishing economic recession is at hand. News, Head

Stocks around the world plunged Friday, with Japan's benchmark Nikkei index suffering a nearly 10% drop, as fears of a global recession deepened.

Stocks surged Monday, with the Dow jumping back above the 9,000 level, as investors welcomed talk of a second economic stimulus plan and an improvement in key lending rates.