Marketplace PM for May 17, 2006
President Bush signed the $70 billion tax cut into law today — and Congress is looking at cutting another $23 billion. Commentator and former Labor Secretary Robert Reich wonders why we keep cutting taxes when we're spending so much money.
The automaker announced it will build a $400 million factory in the Midwest, the same day GM laid off hundreds of UK employees. It's more evidence that Japan's auto industry is thriving as American carmakers struggle. Steve Tripoli reports.