After analyzing a report from the Congressional Budget Office, the Associated Press found that the Social Security program will pay out more than it takes in this year. Gene Steuerle, a former Treasury Department official, talks with Steve Chiotakis about why the program is running out of money.
In a report being published today, Financial Crisis Inquiry Commission concludes that the financial crisis was the result of mismanagement, risk-taking and regulatory failures. Simon Johnson, former chief economist of the IMF, explains.
As the World Economic Forum gets underway in Davos, Switzerland, a senior executive from Goldman Sachs says that tougher bank regulation could trigger the next financial crisis. Stephen Beard has more.