Unlike the federal government, states can't carry deficits, and many states are cutting services to balance their budgets. Jennifer Collins reports why this hurts the economy, and why it would be bad for states to rely on cuts alone.

The government is reluctant to let banks rapidly repay TARP money for fear they won't be ready to stand on their own. Tamara Keith reports new guidelines banks will need to follow, including giving up the FDIC debt guarantee.

A bankruptcy judged ruled against a group of Chrysler's creditors who were trying to block the deal with Fiat. The opposition claims the plan is illegal, but Stephen Beard reports it's unlikely anybody else would offer a better one.