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.

Earth’s richest person Elon Musk, President-Elect Donald Trump’s cost-cutting czar, identified a fresh federal government ...

From the time the Great Recession started in late 2007 until it officially ended in 2009, the richest 1 percent of America saw its income drop 36.3 percent, according to a new report by economists ...

Preparing for the economic fallout of the COVID-19 pandemic by learning lessons from the Great Recession: A collection of pandemic-related research made possible by the Nielsen Datasets at Chicago ...

There would have been 2.1 million more state and local government employees if their share of total employment had stayed the same since before the Great Recession. The underinvestment in public ...

Sacramento Mayor Darrell Steinberg joined FOX40.com for an extended interview as he wraps up his time leading the city.

Amid market fluctuations and rising interest rates, it's a good time to visit downturns in the past, including the Great Recession. From 2007 to 2009, the housing market plummeted while ...

Tourists are staying away and retailers are reeling after nearly five months of protests that have dealt ... showed Hong Kong has entered a technical recession, defined as two consecutive quarters ...

Hong Kong has confirmed it has entered its first recession for a decade as it continues to be gripped by protests. Its economy shrank 3.2% in the July-to-September period compared with the prior ...

HONG KONG: Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months of protests.