The Treasury has finally launched its $75 billion loan modification program to help struggling homeowners, and analysts predict the biggest wave of foreclosures is yet to hit. Dan Grech reports.
Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it.
Obese passengers who can't fit into their assigned seats on United Airlines flights will now be required to buy a second ticket -- even if there's an open seat. Jeremy Hobson reports.
Part of the Senate's financial rescue plan would suspend something called "mark-to-market" rules of accounting. Jeremy Hobson explains what that "something" is and what would happen if it went away.
President Obama is ordering members of his cabinet to trim $100 million from the federal budget over the next 90 days. Will the cuts really make a difference? Jill Barshay reports.
A report says the Treasury needs to do a better job of tracking how banks are using bailout money. Treasury Secretary Tim Geithner will face that and other criticism before Congress this morning. Ashley Milne-Tyte reports.
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Loan help starts on foreclosure wave
How credit cards become asset-backed bonds
United to charge more for wide bodies
Morning Reading
Exactly what is 'mark-to-market'?
Will budget cuts make a difference?
The Great Disappearing Act
The TARP backlash is in full swing
Report: TARP favors private investors
My new T-shirt
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