Economy - Most Recent
Jul 21, 2009
California Governor Arnold Schwarzenegger reached a deal yesterday to close the state's $26 billion deficit. The proposed budget makes deep cuts to public schools and health care for the poor, but also avoids new tax increases. Amy Scott reports.
Jul 20, 2009
A report out today will give finer details of how banks are using TARP money. While the cash helped most of the banks avoid a drop in lending, some invested the cash or used it to pay off debts. Amy Scott reports.
Jul 17, 2009
Argentina is known as the breadbasket of South America, due to its ideal climate and rich soil. Yet, the nation may soon begin importing beef and wheat for the first time. A severe drought is part of the problem. But farmers say government policies are another. Ian Mount reports.
Jul 17, 2009
Supreme Court nominee Sonya Sotomayor insists her "wise Latina" comment does not mean she will be biased on the bench. Commentator Betsey Stevenson says biased decision-making is inevitable, but can be overridden if its existence is acknowledged.
Jul 16, 2009
New Jersey Governor Jon Corzine is facing a tough battle for re-election, thanks in part to his bad financial reputation. But his Republican opponent hasn't offered much of a plan to help where Corzine is viewed as insufficient. Jeremy Hobson reports.
Jul 14, 2009
Recessions can often lead to a risk of deflation, when declining consumer demand forces prices down. But lately, analysts have been worrying about the opposite -- inflation. Even hyperinflation. Amy Scott reports.
Jul 13, 2009
The House's health care reform bill was supposed to come out early last week, but members of Congress are still grappling with how to pay for it. But Steve Henn reports the delays are not necessarily a sign of trouble.
Jul 9, 2009
California has issued about $3 billion worth of IOUs this month. But starting tomorrow, many financial institutions, like JP Morgan Chase and Bank of America, say they're going to stop accepting them. Dan Grech reports.
Jul 3, 2009
We hear from a man who takes his red, white and blue very seriously.