Economy - Most Recent


Bill would allow Congress to audit Fed

Nov 20, 2009
A House committee has approved a bill sponsored by Republican Ron Paul to expand congressional oversight of the Federal Reserve. Steve Henn reports.
Posted In: Economy

Why the E.U. chose its president

Nov 20, 2009
The E.U. has chosen Belgian Prime Minister Herman Van Rompuy for the new position of E.U. president. But why didn't the title go to a more well-known candidate? Christopher Werth reports.

Labor groups call for banking reforms

Nov 16, 2009
Labor union activists are rallying in Washington, D.C. calling for Congress to enact tougher reforms on Wall Street, including limits on bank sizes and oversight of risky investments. Mitchell Hartman reports.

Government wants credit limit raise

Nov 13, 2009
The current U.S. credit limit is set at $12.1 trillion, and Congress will soon have to raise the legal limit on how much money the government can borrow. As Steve Henn reports, the administration is aiming for over $13 trillion.

White House seeks to raise debt limit

Nov 13, 2009
There's a limit on how much money the federal government can borrow. So the White House is asking Congress to hike up the national debt limit. Nancy Marshall Genzer reports.

Bloomberg's wallet hurting his image?

Nov 2, 2009
New York Mayor Michael Bloomberg is widely expected to win a third term in Tuesday's election. So why will he have spent as much as $140 million on the race? Jeremy Hobson reports.

Defense contractors face lean times

Oct 20, 2009
Giant military contractor Lockheed Martin reported a healthy third-quarter profit. But it's still a tough environment for defense contractors. John Dimsdale reports.
Posted In: Washington

Is government letting dollar weaken?

Oct 16, 2009
Obama administration officials are talking about the importance of a strong greenback. But people in the currency markets say it's pretty obvious the White House is saying one thing while doing another. Bob Moon reports.
Posted In: Economy

Benefits big lure in military recruitment

Oct 14, 2009
For the first time since 1973, the Army, Navy, Air Force and Marines have met or exceeded recruitment targets. It's not just the weak job market that's a factor. The military benefits package is a big draw. John Dimsdale reports.
Posted In: Washington

Who should Tim Geithner be talking to?

Oct 8, 2009
Treasury Secretary Tim Geithner has logged in a lot of phone time with executives from big Wall Street banks. Who else could he be calling? Kai Ryssdal gets some insight from Anil Kashyap at the University of Chicago.