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Features by Hilary Wicai

Back and forth on immigration

A bipartisan measure to be unveiled in the House today calls for both increased border security and a path to citizenship for illegal immigrants — but the Senate appears to be stalled on immigration and that could be a big boost for the status quo.
Posted In: Immigration, Washington

Congress wants a look under the couch cushions

IRS Commissioner Mark Everson went to Capitol Hill today to explain what the IRS is doing to collect more than <nobr>$345 billion</nobr> that taxpayers owe but it can't seem to find. Hillary Wicai reports.
Posted In: Taxes, Washington

With prices up, interest rates likely to stay put

If there were any lingering hopes of an interest rate cut by the Federal Reserve board next week, they were probably dashed by today's Consumer Price Index report. Hillary Wicai reports.
Posted In: Economy, Wall Street

Inflation watch: Consumer prices up again

Consumer prices exceeded the Fed's expectations for inflation in February &mdash; doubling the January increase &mdash; but policymakers may well leave interest rates unchanged when they meet next week to avoid risking recession.
Posted In: Economy

The Bank of Wal-Mart?

Wal-Mart says it wants a limited banking license so it can save on credit card payments. But a congressman thinks he's found evidence that the retail giant has something bigger in mind. Hillary Wicai reports.
Posted In: Retail

Bank of Wal-Mart?

Wal-Mart has a pending application to establish an industrial loan company, but the retail giant insists it's not interested in opening retail bank branches. Now there may be evidence that suggests otherwise.&nbsp;.&nbsp;.
Posted In: Washington

Light bulb maker flips the switch

Environmentalists have been pushing people to switch to energy-saving lighting for years. Now even the world's biggest light bulb maker is saying it's a bright idea.

Catching up on sick days

The U.S. is the only economic powerhouse that doesn't guarantee its workers paid sick days. A bill to be introduced in Congress today would change that, but business groups are likely to lobby against it.
Posted In: Health, Jobs, Washington

Will New Century's fall make waves?

Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.
Posted In: Economy, Housing, Investing, Wall Street

A sub-prime epidemic

The nation's largest independent sub-prime lender may be the latest victim of the housing slowdown. New Century Financial says the banks that keep its money flowing are cutting the lifelines.
Posted In: Housing

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