The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

A new report from the Consumer Federation of America (CFA) found that Americans owe a record $1.66 trillion in auto debt [1].

The word "recession" seems to be popping up a lot lately. Economic uncertainty stemming from President Donald Trump's tariffs on Canada, Mexico and China have fueled the biggest stock market selloff ...

President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his ...

Credit scores are down, delinquencies are up and Gen Z is suffering the most from the credit crunch. These are some of the main takeaways from the recently released FICO Score Credit Insights report, ...

In April, the International Monetary Fund (IMF) lowered its global economic growth forecast from 3.3% to 2.8% for 2025. It also lowered its growth forecast for 2026 from 3.3% to 3%. The global banking ...

Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn't want a depression, according to a Wednesday night ...