Washington Mutual succumbed to the mortgage crisis and was taken over by the FDIC, then quickly sold to JP Morgan. It was the largest bank takeover in U.S. history. Stacey Vanek-Smith asks Tess Vigeland for what this means.

With unemployment up, community colleges' enrollments are rising too. Many schools are short on funds and are having trouble handling the spike, especially in California where politicians are late in approving the state budget. Julie Small reports.

Over the past couple of weeks, the interest rate banks charge each other for short-term loans has shot up dramatically. Now, rates for money-market funds -- what companies use to borrow for day-to-day operations -- are soaring as well. Jeremy Hobson reports.

Democratic Representative John Spratt tells host Stacey Vanek-Smith that the parties in Congress need to come to an agreement on a rescue measure, because, while unpleasant, it's a necessity.