Meeting last month, Fed officials worried that even a dramatic cut in interest rates would not be enough to cauterize the country’s economic troubles quickly.

Meeting last month, Fed officials worried that even a dramatic cut in interest rates would not be enough to cauterize the country’s economic troubles quickly.

The Fed feared that the economy would be stuck in a painful rut for some time despite its decision to slash rates to record lows.

The program is aimed at driving down the price of mortgages and making home loans more available.

Rising vacancy rates across the country could make it hard for building owners to pay their mortgages.

Rising vacancy rates across the country could make it hard for building owners to pay their mortgages.

Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers’ debts.

Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers’ debts.

GMAC will give up its exclusive agreement to provide financing incentive programs for G.M. vehicle sales and will no longer be obligated to provide financing for G.M. leases.

As concern about student debt rises, promotional relationships between schools and banks have sounded alarm bells.