Posted In: Economy, Education, Health, Investing
Signs of fallout from losses in auction-rate securities issued by cities, hospitals, and schools are beginning to rattle those institutions. Jill Barshay reports on how local governments are considering refinancing into more old-fashioned municipal bonds.
A new survey says professional money managers are the most risk-averse they've been since 2001. Jill Barshay reports on how managers afraid of stock and bond risks are now investing in cash.
The Federal Reserve injected another $30 billion in short-term loans into the banking system. The Fed hopes the money will keep banks lending and combat the looming credit crunch. Kai Ryssdal talks to Jill Barshay about how long the credit crunch may last and who's most affected.
Traders are betting the Fed will cut its target interest rate by at least a half a percentage point next week. Jill Barshay reports the predictions from the futures market.