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After initially vowing to unveil a new financial rescue package this coming week, senior officials in President Obama’s administration now say the rollout date is being pushed back an extra week.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/CjU2HY96kzw” height=”1″ width=”1″/

Gasoline prices edged higher Saturday and are now 14% higher from where they started the month, according to a daily survey of credit card swipes.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/mOpZbPk9ojM” height=”1″ width=”1″/

In the wake of the salmonella outbreak that has sickened more than 500 people and been linked to eight deaths, peanut butter makers have moved to separate themselves from the company that produced the tainted product.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/QGErV5Jkd7I” height=”1″ width=”1″/

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The Senate Finance committee will meet Monday to review the tax records of former Sen. Tom Daschle, President Barack Obama’s nominee for secretary of Health and Human Services who, according to sources, didn’t pay taxes on a car and driver he had been loaned.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/aLkMy1nEQ6A” height=”1″ width=”1″/

Three regional banks were closed Friday, bringing the total number of failed banks this month to six, as the financial crisis continues to take a toll on small banks nationwide.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/AHwDSswPU5c” height=”1″ width=”1″/

State regulators in Utah closed MagnetBank Friday, bringing the total number of failed banks this month to four, as the financial crisis continues to take a toll on small regional banks.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/AHwDSswPU5c” height=”1″ width=”1″/

The Big Apple will have to tighten its belt as the city that leans heavily on Wall Street’s profits is expected to suffer a dramatic decrease in tax revenues in coming years.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/XDvxzNGVxSU” height=”1″ width=”1″/

President Obama faces a tough week: In addition to possibly unveiling a new bank and housing bailout, the Senate will take up its version of the economic stimulus package.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/H1nX1c_lOAM” height=”1″ width=”1″/

Banks are looking for a second chance to dump some toxic waste from their balance sheets on the hope that the Obama administration will set up a „bad bank” to buy massive amounts of their troubled assets.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/04JvyOoe42Q” height=”1″ width=”1″/

One day after President Barack Obama ripped Wall Street executives for their „shameful” decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/hY_mXlIRtz8″ height=”1″ width=”1″/

In a brutal week for the job market, an assortment of companies across various industries announced more than 100,000 job cuts.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/C30x1mQN8_s” height=”1″ width=”1″/

At first glance, the fourth-quarter GDP report released earlier today produced a moderate surprise in that it didn’t show a contraction quite as deep as had generally been expected by most private economists.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/QVqAuw6pBJc” height=”1″ width=”1″/

Facing new evidence of a darkening economic climate, President Barack Obama on Friday established a new middle-class task force to assess the status of average-income Americans and recommend new ways to strengthen the economy.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/xx9RkwFGikM” height=”1″ width=”1″/

President Obama plans Friday to reverse an executive order allowing unionized companies to post signs alerting employees that they are allowed to leave unions.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/xx9RkwFGikM” height=”1″ width=”1″/

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The U.S. economy suffered its biggest slowdown in 26 years in the last three months of 2008, according to the government’s first reading about the fourth quarter released Friday.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/bPmMwmNplUY” height=”1″ width=”1″/

Every weekday, Eva Gomez walks down the block to the Fox Point Senior Center to eat her one hot daily meal, exercise and chat with friends. Otherwise, she’s cooped up in her Providence, R.I., apartment with little more than crackers and a cup of coffee or tea.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/A3yxhmLxQYw” height=”1″ width=”1″/

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