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• Morning Brief: Capital One to Buy Chevy Chase• Carlyle Group Announces 100 Layoffs
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 In times of economic trouble, spa owners hope consumers see their services as relatively inexpensive compared to other indulgences. Above, Nusta Spa in Washington. (Photos By Lois Raimondo -- The Washington Post)
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Region's Economy Feels Chill of Slump
The Washington area, long considered one of the most economically resilient in the country, is beginning to feel the pinch of the sharp national downturn, with unemployment hitting levels not seen since the last downturn.
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2008 Post 200
The Post's annual guide to the top companies in the region. Explore how the region works via photos and video, search the database and read about the state of the local economy.
Local Business Headlines
Montgomery Teachers Agree to Forgo 5% Pay Raise (Post, December 4, 2008; 12:40 PM)
Potomac Confidential: Washington's Hour of Talk Power (washingtonpost.com, December 4, 2008; 12:00 PM)
Mortgage rates drop to lowest level since January (AP, December 4, 2008; 4:27 PM)
Capital One to Buy Local Banking Icon Chevy Chase (Post, December 4, 2008; 11:26 AM)
Capital One buying Chevy Chase Bank for $520M (AP, December 4, 2008; 8:49 AM)
Silver Line To Dulles Wins Crucial Federal Okay: With Key Agency's Reversal, Final Approval Is Expected (Post, December 4, 2008; Page A01)
Treasury Weighs Action on Mortgage Rates: Intervention Would Aim to Buoy the Housing Market by Forcing Down the Cost of Loans (Post, December 4, 2008; Page A01)
Capital One to Buy Chevy Chase (Post, December 4, 2008; Page A01)
School Employees Forgo 5% Raises in Montgomery: Officials Hail $89 Million Deal to Close Budget Gap (Post, December 4, 2008; Page B01)
Md. Seeks To Preserve Land Along Shoreline: Areas Would Be Open to Public (Post, December 4, 2008; Page B01)
In a Fiscal Bind, Loudoun Longs for Tourism Dollars (Post, December 4, 2008; Page B01)
A Hole the Size of a Buick (By Marc Fisher, December 4, 2008; Page B01)
Board Adopts Travel Policy: Nonbinding Guidelines Intended to Curb Members' Spending (Post, December 4, 2008; Page B03)
LOUDOUN COUNTY: Historic Tract Along Potomac Set to Become Regional Park (Post, December 4, 2008; Page B10)
Carlyle to Cut 10 Percent of Workforce as Dealmaking Slows (Post, December 4, 2008; Page D01)
Agency Establishes In-Home Care Fund: Needy Seniors, Health Workers Targeted (Post, December 4, 2008; Page GZ03)
A Cordial Closing to a Rocky Relationship as County's Top Leaders (Post, December 4, 2008; Page GZ03)
For Sale: Relics of a Black Past: Group to Auction Parts From School (Post, December 4, 2008; Page LZ01)
Lawyers Sought for Foreclosure Prevention: Pro Bono Assistance Given to Homeowners (Post, December 4, 2008; Page PG01)
Md. Faces Shortfall for Land Purchases: $100 Million Less by Fiscal 2010 Is Predicted (Post, December 4, 2008; Page PG03)
Food Donations Drop as Need For Help Rises: In Faltering Economy, Donors Become Clients (Post, December 4, 2008; Page SM01)
Regulations Sour Dream of Winery: Zoning Rules Entangle Family's Plan for Business (Post, December 4, 2008; Page VA03)
Oversight Sought On Lenders: Bill Would Help County Monitor Properties (Post, December 4, 2008; Page VA03)
U.S. working on affordable mortgage plan: sources (Reuters, December 3, 2008; 8:01 PM)
Wall Street jumps on Coke and other defensive plays (Reuters, December 3, 2008; 5:10 PM)
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