Economy - Most Recent

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The details of the latest debt ceiling plans

Jul 18, 2011
There are a lot of different debt ceiling plans in progress right now in Washington, but will any get through before the Aug. 2nd deadline?

New nominee for consumer finance protection

Jul 18, 2011
Richard Cordray, former attorney general of Ohio, is the nominee to head the new Consumer Financial Protection Bureau. But is any alternative to Elizabeth Warren, the interim head of the bureau, acceptable to Republicans who oppose the agency?

Richard Cordray new pick for consumer bureau head

Jul 18, 2011
President Obama today will not announce Elizabeth Warren to be his nominee to head the new Consumer Financial Protection Bureau. Former Ohio Attorney General Richard Cordray is expected to get the nomination.

S&P turns up the heat for a U.S. deficit deal

Jul 15, 2011
Standard & Poor's warns it may cut the U.S. credit rating if the debt ceiling is raised, but the impasse over longer-term fiscal issues remains.

The future of the Consumer Financial Protection Bureau

Jul 15, 2011
We take a listen to the congressional hearing on the new Consumer Financial Protection Bureau and a home owner who shares what he hopes the new agency will do for consumers like him.

Congressman Cooper: 'My colleagues are misbehaving'

Jul 15, 2011
Congressman Jim Cooper, a Democrat from Tennessee, urged his fellow lawmakers earlier this week to stop misbehaving and posturing for voters. He says that people need to remember to put their country first.

Wall Street versus Main Street reaction to debt ceiling debate

Jul 15, 2011
Jill Schlesinger, editor-at-large at CBS/MoneyWatch, says people are reacting differently to this week's debt talks, and looks ahead to what could happen should politicians fail to settle the debates.

Debt talks: Are we ready for Plan C?

Jul 15, 2011
President Obama told lawmakers that "it's decision time" for the ongoing debt talks. But is there an actual deal within reach?

Credit agencies heighten warning on U.S. debt

Jul 14, 2011
As politicians quarrel over a deal to raise the debt limit, Moody's joins Standard & Poor's in warning it might cut the U.S. credit rating.

Moody's: It's hard to regain a triple-A rating

Jul 14, 2011
Steven Hess, senior credit officer at Moody's Investors Service, discusses the agency's decision to review America's credit rating.

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