Economy - Most Recent

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Bush's new neighbor

Aug 1, 2006
President Bush heads to Crawford, Texas for his annual "working vacation" later this week. And he'll have a new neighbor: war protestor Cindy Sheehan. Scott Tong reports.

Tax shelters may have sprung a leak

Aug 1, 2006
Two billionaires are testifying for a Senate committee today that their use of offshore tax shelter accounts was above board. Their financial advisors told 'em so. But a new report from the Senate panel says, not really. Ashley Milne-Tyte reports.
Posted In: Washington

Offshore drilling debate goes on

Jul 31, 2006
The Senate votes today on whether to expand offshore drilling in the US, but the bill's not quite as generous as the version the House passed. Scott Tong reports.
Posted In: Washington

Congress sticking head in sand on pension reform

Jul 31, 2006
The Senate's expected to pass a long-awaited pension reform bill this week. Businesses say it will let them hold onto pensions that were becoming too expensive. But commentator and economist Jeremy Bulow says don't believe the hype.
Posted In: Washington

Senate considers pension overhaul

Jul 31, 2006
Many companies have been underfunding their pension plans, so this week the Senate's expected to vote on the first pension overhaul in three decades. Host Scott Jagow talks to Karen Friedman with the Pension Rights Center about the proposed bill.
Posted In: Washington

Putting the squeeze on middle managers

Jul 28, 2006
A huge legal fight is underway to define employees whose positions are between the managers and the worker bees. Scott Tong reports that the government is expected to give management a huge victory.
Posted In: Washington

What happened to the windfall tax?

Jul 28, 2006
With big oil companies reporting massive earnings, Amy Scott takes a look at what happened to proposals for a windfall profits tax.
Posted In: Washington

Oil profits soar as Senate considers domestic drilling

Jul 27, 2006
ExxonMobil made $1,318 dollars a second in Q2, which works out to $10.4 billion for the quarter. Meanwhile, the Senate is taking up a bill that might expand oil drilling in the US. John Dimsdale reports.
Posted In: Washington

Homeland Security wastes billions

Jul 27, 2006
A bipartisan congressional report out today finds that 32 Homeland Security contracts worth $34 billion are fraught with, you guessed it: fraud. Hillary Wicai reports on a Senate bill that seeks to change that.
Posted In: Washington

And the Beige Book says . . .

Jul 27, 2006
The Federal Reserve's current report on economic activity shows slowing in half of its 12 regional districts. But it doesn't offer many clues about whether the Fed will raise interest rates next month. Hillary Wicai reports.
Posted In: Washington

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