Economy - Most Recent


So, who says the worst is over?

May 6, 2008
Fannie Mae, the biggest mortgage underwriter in America, reported a loss of more than $2 billion last quarter. Investors are now bracing for more bad news when its federally-sponsored cousin Freddie Mac reports results later this week. Alisa Roth has the story.
Posted In: Economy, Housing

Bush speaks, we read between the lines

Apr 29, 2008
President Bush was firmly on message today in a Rose Garden press conference: It's a slowdown, not a recession... He'd love to lower gas prices, but Congress is standing in the way. Bob Moon and Kai Ryssdal examine what the president said and didn't say.
Posted In: Washington

Another rate cut expected from Fed

Apr 29, 2008
The Federal Open Market Committee is in the middle of a two-day meeting on interest rates. Chances are good that tomorrow the federal funds rate will be trimmed again, despite worries about rising prices. John Dimsdale reports.
Posted In: Economy, Washington

Congress looks for brakes on gas prices

Apr 25, 2008
With the summer driving season looming, congressional leaders are lining up to ease the pain at the pump. But what can they do? John Dimsdale reports.

For sale: A state lottery?

Apr 25, 2008
Sixteen states are reporting budget shortfalls this fiscal year. More are expected to do so next year. The options? Make cuts or make money. Illinois, for example, might sell its lottery. Nancy Marshall Genzer reports.
Posted In: Economy

Wall St. licking its chops over farm bill

Apr 24, 2008
Congress today gave itself until next week to consider the $280 billion farm bill, which includes funding for food stamps, nutrition programs and subsidies for farmers over five years. Which means a little something for everyone. Jeremy Hobson reports.

Senate committee to grill SEC chair

Apr 22, 2008
Today, Senate Banking Committee members are expected to take the chairman of the SEC to task for lax oversight of Wall Street credit rating agencies while those agencies were approving risky loans. John Dimsdale has a preview.
Posted In: Economy, Wall Street

Bush sets date for greenhouse-gas cap

Apr 16, 2008
President Bush is calling for government limits to stop the growth of carbon dioxide emissions by 2025. While he has resisted curbs on the burning of fossil fuels, Bush is now jumping on board a trend that has lots of momentum. John Dimsdale reports.

House puts off free trade vote

Apr 11, 2008
Free traders and business groups say they're concerned that yesterday's House delay of a pending free trade agreement with Colombia hurts our ability to negotiate future trade deals. John Dimsdale reports from Washington.

American's problems grounded in FAA

Apr 10, 2008
American Airlines has now canceled 2,500 flights over the past 72 hours as it tries to get right with an FAA safety audit. The company's CEO apologized today, and some in Congress are blaming the FAA. Kai Ryssdal has more.
Posted In: Travel