AP - Former Federal Reserve Chairman Alan Greenspan told Congress in prepared testimony Thursday that the current global financial crisis is a "once in a century credit tsunami" that policymakers did not anticipate.

AP - People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story — and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.

AP - Stocks are rebounding in early trading after a drubbing the previous session as investors are buying beaten-down stocks even as they absorb disappointing economic news — a larger-than-expected increase in jobless claims.