Allan Hubbard, the director of the National Economic Council (NEC), resigned Wednesday. Hubbard leaves the White House at a tenuous time for the economy. His replacement, Hubbard’s deputy, Keith Hennessey will face the troubles in the housing industry and slowing economic growth.
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Two years after a major overhaul to U.S. bankruptcy law, three senators are offering plans to help debt-ridden homeowners who are considering filing for bankruptcy.
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The Conference Board released the latest Consumer Confidence Index results today. According to the reports, overall consumer confidence fell 8 percent from October. This is the fourth consecutive month the Consumer Confidence Index has declined. The Conference Board attributed diminishing consumer confidence to unstable financial markets, rising gasoline prices and possible increases in heating expenses this winter.
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First, holiday shopping traffic at the malls. Now, holiday shopping traffic online.

The post-Thanksgiving weekend saw crowds of shoppers at malls and stores trying to score the best deal. Now, many of those people are back to work or at home, and will try to snag some deals online as retailers await the first rush of holiday shopping via the Internet.
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