Economy - Most Commented

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Bank settlement to bail out some underwater homeowners

Feb 10, 2012
Yesterday's $25 billion agreement between five big U.S. banks and state attorneys general could help some three million homeowners who owe more than their homes are currently worth.
Posted In: Housing, underwater mortgage, foreclosure, mortgage settlement

Who benefits from the national mortgage settlement?

Feb 10, 2012
The settlement between states and banks is worth $250 billion, but few homeowners benefit.
Posted In: Housing, foreclosures, mortgage, mortgage settlement

Why 8.3% unemployment may not be so great

Feb 10, 2012
Last week, we got news that the unemployment rate is down, but that number includes people who have dropped out of the labor force. Is this number as good as we thought?
Posted In: Unemployment, Jobs

President Obama to announce 2013 budget

Feb 10, 2012
President Obama unveils his budget for next year on Monday, at a community college just outside of Washington, D.C. But how serious is this executive branch wish list in a gridlocked Washington?
Posted In: President Obama, Washington D.C., politics, federal budget

PODCAST: Greek protests, a Pizza Hut Valentine

Feb 10, 2012
First Lady Michelle Obama's plan to make Americans healthier isn't stopping at school lunch; she now wants the military to shape up as well. Greeks are striking again today to protest deep cuts the government wants to make in order to get more bailout money. The unemployment rate dropped last month to 8.3 percent, but some economists say the news isn't as good as it sounds. And big drinks companies are fighting in what some might call "whiskey wars."
Posted In: Greece

Rep. Spencer Bachus faces insider trading allegations

Feb 10, 2012
In the midst of debates that could potentially tighten the rules on insider trading in Washington, the head of the House Financial Services Committee faces serious allegations.
Posted In: Washington D.C., politics, insider trading, Congress

HUD chief: Settlement is one piece of broader puzzle

Feb 10, 2012
The $25 billion foreclosure settlement is one of the biggest in history. But is it fair? Housing and Urban Development Secretary Shaun Donovan, one of the architects of the deal, responds.
Posted In: Housing, robo-signing, foreclosures, mortgage settlement

Consumer sentiment slips

Feb 10, 2012
Macroeconomic signs point to a brighter future, but average Americans are still struggling with the basics.
Posted In: consumer sentiment, gas prices, wages

Who Loves Ya, Baby? The Federal Reserve

Feb 10, 2012
The #Fedvalentines meme, started by economist Justin Wolfers, injected some fun into an otherwise leaden week.

PODCAST: Foreclosure closure

Feb 9, 2012
The Obama administration and almost every state have reached a settlement with the country's largest banks over allegations of abusive foreclosure practices. We check in with the Mayor of Los Angeles on his vision for the city, which is the second largest metro area in the U.S. A new survey out by the Pew Research Center shows that young adults have been hurt the most in the recession. And bankruptcy lawyers are warning that the latest "debt bomb" will come from student loans.

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