WASHINGTON - March 12, 2009 - The government says that the net worth of Amerikan households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.

WASHINGTON - March 12, 2009 - General Electric Co. lost its prized top credit rating from Standard & Poor's over fears of rising loan losses and lower earnings at its lending arm.

NEW YORK - March 10, 2009 - Prominent banking analyst Meredith Whitney warned that "credit cards are the next credit crunch," as contracting credit lines will lower consumer spending and hurt the U.S. economy.

ORANGE COUNTY, Florida - March 10, 2009 - Sources inside Disney World say there are massive layoffs going on at Central Florida's number one employer.

NEW YORK - March 9, 2009 - As the U.S. reels under its largest job losses in a half-century, the situation may be growing even worse in Asia, Europe and Latin America. The world community may be on the cusp of an economic collapse that triggers unprecedented chaos, experts say.

HARRISBURG, Pennsylvania - March 9, 2009 - The nation is on the "brink of a Depression," but there's a "reasonable chance" that the $787 billion economic stimulus package will help ease the situation, Senator Arlen Specter said Monday.

NEW YORK - March 9, 2009 - Billionaire Warren Buffett said Monday the U.S. economy could recover in five years, likening the current battle against prolonged recession as a Pearl Harbor-like situation during World War II.