- Renae Merle
- Reporter
Renae Merle joined The Washington Post’s business desk in September 2001. She has covered local defense contractors, consumer affairs and the collapse of the housing market in 2008. Merle has also worked for The Wall Street Journal and The Associated Press. She completed her undergraduate education at The University of Texas at Austin and has a masters’ of journalism from Columbia University, where she was also a Knight-Bagehot Fellow in Economics and Business Journalism. She will complete her MBA at Columbia University in May 2012.
U.S. economy slows in second quarter
U.S. economic growth slowed sharply during the second quarter as consumers cut back on spending and the economic recovery failed to gain traction.
Companies make contingency plans
Some increase their cash reserves to prepare for the uncertainty that would follow a government default.
Markets surge on debt deal, corporate earnings
A potential breakthrough in the debt-ceiling impasse and upbeat corporate earnings reports gave stocks their best one-day performance so far this year.
No quick fixes for housing market
Despite Obama’s admission that past efforts haven’t solved the crisis, the White House has no plans for another large-scale program to tackle the troubled housing market.
- S&P warns that chance of downgrading U.S. credit rating is 50 percent
- HUD program to aid distressed borrowers
- Capital One Bank to acquire ING Direct USA
- Stocks tumble on news from Greece, rise in U.S. prices
- Courts may reshape mortgage industry
- Stock markets plunge as losing streak extends to six weeks, longest since 2002
- Hackers improperly viewed Citigroup credit card accounts
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