CSBJ Daily

Consumers fell behind on car, credit-card and home-equity loans at the highest level since 1993 during the fourth quarter, according to the American Bankers Association.
Payments at least 30 days past due increased across all eight categories of loans tracked, the Washington-based group said this morning. Late loans climbed 21 […]

WASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke said today a recession is possible and policymakers are “fighting against the wind” in trying to steady a shaky economy. He would not say if further interest rate cuts are planned.
Bernanke’s testimony before the Joint Economic Committee of Congress was a more […]

Colorado was ranked 10th on the list of states with the highest per–capita income in the United States for 2007, with annual personal income of $41,042.
In its March report, however, The Bureau of Economic Analysis listed the state 45th among the 50 states, based on its slow 3.9 percent income growth […]

The Associated Press
WASHINGTON _ Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months during February, further evidence that the risks of a recession are increasing.
The Commerce Department said Friday that consumer spending edged up by just 0.1 percent […]

Consultant and nonprofit executive Greg Lopez is the new U.S. Small Business Administration director for Colorado.
He succeeds Patricia Barela Rivera who retired after almost 11 years. Lopez will start the job in mid April.
Lopez has served as president and CEO of The Rocky Mountain Minority Supplier Development Council, as a board member […]

The Internal Revenue Service will allow military personnel serving in combat zones to include nontaxable combat pay on 2007 or 2008 income tax returns if it helps eligibility for economic stimulus payments.
Combat zone personnel or spouses must file a 2007 income tax return by Oct. 15 in order to receive […]

The Associated Press
DES MOINES, Iowa _ Motor home manufacturer Winnebago Industries Inc. said today that its second quarter profits fell nearly 67 percent as consumer confidence in the economy helped drag down sales of recreational vehicles.
The results were below Wall Street expectations, and its shares dropped almost 10 […]

The Associated Press
NEW YORK (AP) _ Stocks wavered Wednesday as investors paused a day after the market’s huge rally and digested better-than-expected results at Morgan Stanley that eased concerns about the investment banking sector.
News that the government plans to free up billions of dollars at Fannie Mae and Freddie Mac, […]

The Federal Reserve Board cut the primary credit rate another 25 basis points yesterday, to 3.25 percent, – two days before its regularly scheduled meeting.
The Fed also voted to authorize the Federal Reserve Bank of New York to create a lending facility that enables primary dealers to provide […]

The Associated Press
WASHINGTON– The Federal Reserve said Friday it is taking bigger steps to ease the nation’s credit crisis, including increasing the amount of money it will auction to banks this month to $100 billion.
The Federal Reserve said it will raise its planned March 10 and March 24 auctions to […]