The government bailout of AIG wasn't enough to help it stay afloat. Now it will buy preferred stock in the insurance company to the tune of $40 billion. Jeremy Hobson reports the AIG bailout is now worth $150 billion.
When the incoming and outgoing presidents are from different parties, it's customary to keep newcomers at arms length until Inauguration Day. But John Dimsdale reports this transition has a great deal of cooperation.
Companies that normally spend big bucks on Super Bowl ads are reconsidering the big flash productions for fear of appearing flamboyant during a time of economic trouble. Stacey Vanek-Smith reports.
Two House committees will be considering whether new regulations should be placed on hedge funds, which are struggling in the current financial crunch. Critics claim hedge fund investors would find a way around such rules. Alisa Roth reports.
President-elect Obama now turns his attention to assembling his administration, with his choice for Treasury secretary being closely watched. Bill Radke talks to Steve Henn in Washington, D.C. about Obama's options.
Some economists believe that economic models are dated and deficient, and they're looking for theories that would help make sense of the financial crisis and global economy. Janet Babin has more.
The EPA is changing the way it measures pollution from power plants and making it easier for older facilities to upgrade without installing new emission control equipment. Sarah Gardner has the story.
The government is reworking the AIG bailout package, modifying loans already offered and preparing to spend another $40 billion to buy preferred shares. Kai Ryssdal gets details from Steve Henn.
In the latest installment of our series "What's the Fix?" Scott Jagow talks to Howard Wheeldon, a strategist at brokerage house BGC Partners in London. Wheeldon outlines what government priorities should be.
Pages
Warren Buffett
Second bailout effort for AIG
A smooth transition in the Treasury
Crisis tones down Super Bowl ads
House panels eye hedge fund reform
Focus falls on Obama's Treasury pick
Time to update Economic Theory 101
EPA's controversial power plant rules
Why AIG is getting more bailout money
Fix the crunch by spending our way out
Pages