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Score one for the green shoots crowd. The second-quarter gross domestic product report Friday clearly showed that the economy is in fact stabilizing.

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Guaranty Bank is hardly a household name. But the Austin, Texas-based thrift's looming failure is shaping up as a big headache for bank supervisors -- not to mention a black eye for Carl Icahn and others in the smart money set.

The House on Friday passed a bill to allocate another billion to the Cash for Clunkers program.

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Cash for Clunkers, the federal program that allows you to trade in your gas guzzler, smacked into a roadblock this week after it became clear the program is already close to burning through its billion budget. The White House made clear today that the program will extend at least through the weekend if not longer. The House just passed a billion extension to the program but the Senate is not expected to vote on the measure until Monday.

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While the Cash for Clunkers program is being hailed as a success, having apparently burned much or all its of its billion dollar budget in a matter of days, some analysts doubt the program will amount to much in the long run.

Lawmakers are quickly learning that "too big to fail" may be too complex to legislate away.

A lot was supposed to happen on health reform before Congress went on summer vacation. Turns out, a lot didn't. End result: The heavy lifting on health reform legislation has been pushed to the fall.

Honda Motor Co. said Friday it widened a previously announced recall to add 440,000 cars that could have a lethal airbag defect.