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British PM meets with U.S. bankers

Apr 16, 2008
British Prime Minister Gordon Brown is in the U.S. today to talk with Wall Street bankers about the global credit crunch and possibly ask them to reveal their credit losses asap. Stephen Beard in London reports.
Posted In: Economy, Housing

House looks at unemployment benefits

Apr 16, 2008
The unemployment rate is rising and today, the House will consider extending unemployment benefits. Democrats want to give those out of work another 13 weeks of checks. Nancy Marshall Genzer reports
Posted In: Jobs

Fed should be made more accountable

Apr 16, 2008
Former Fed chair Paul Volcker says the current Fed leadership overstepped its mandate in bailing out Bear Stearns. Commentator Robert Reich says the Fed's unfettered powers are behind a lot of today's economic troubles.
Posted In: Economy, Wall Street

Food, fuel costs put businesses in pinch

Apr 15, 2008
Inflation on wholesale goods jumped 1.1.% in March, more than double the forecast. So-called "core" prices, excluding energy and food, rose 0.2%. That core price, though, doesn't mean much to businesses struggling to keep from passing soaring costs onto consumers. Sarah Gardner reports.
Posted In: Economy

We need a broader tax base. But how?

Apr 15, 2008
Presidential candidates are making their cases for change to the federal tax system. But commentator and economist James Poterba says trying to change the tax code will be tricky, no matter who's in the White House.
Posted In: Taxes

Study: Broken homes cost U.S. billions

Apr 15, 2008
Study by the Institute for American Values says people from broken homes make more use of government services, like Medicaid. Others say the money is well spent. John Dimsdale reports from Washington, D.C.
Posted In: Economy

British PM urges banks to cut rates

Apr 15, 2008
British Prime Minister Gordon Brown meets bankers today amid growing concern about credit. Brown is expected to urge bankers to lower interest rates and keep the economy from stalling. From London, Stephen Beard reports.
Posted In: Housing

Would an honor code curb tax cheats?

Apr 15, 2008
Commentator Dan Ariely says that for many of us, the temptation to do a little creative accounting with our taxes is too tough to pass up. He did an experiment with some MIT students and got some interesting results.
Posted In: Taxes

Retailers want your rebate check

Apr 15, 2008
Over the next several weeks, the government is expected to mail out $100 billion in stimulus rebates. Retail stores and electronics makers are already plotting to take that money away. Jill Barshay reports.
Posted In: Retail

Is Wachovia news start of a wild ride?

Apr 14, 2008
With Wachovia posting an unexpected first-quarter loss of $350 million, investors are left to wait and wonder what's coming up around the next curve as more earnings reports from investment banks are due this week. Bob Moon reports.
Posted In: Economy, Wall Street

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