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Credit Crunch Slows Spending

Consumers, businesses tighten belts just as economy needs fuel

By Jim O'Neill, Newser User

Posted Mar 18, 2008 11:10 AM CDT

(Newser) – Fewer credit card offers, tougher mortgage requirements, and a slowdown in business expansion all are likely because of the worsening credit crisis, reports the Washington Post. Banks are looking to limit exposure to high-risk customers and restore their own bottom lines. And that’s tough... Read full story »

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Credit Crunch Slows Spending

Consumers, businesses tighten belts just as economy needs fuel

Federal Reserve • consumer spending • credit card • interest rate • credit crisis • banking

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More Newser Stories

Fed Cuts Rate to 0%-0.25%

Target is record low as Reserve battles recession

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Soaring defaults could fell normally resilient industry

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Fed should ignore critics, hold its ground until markets rebound

Fed Pours $200B Into Global Credit Relief Push

Central banks around the world try to ease liquidity problem

Bernanke Suggests Rate Cuts Ahead

Fed chief sees threats from employment, housing, credit

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