Sep 28, 2012 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.
Sep 27, 2012 Today the government of Spain is expected to lay out yet another new budget with even more cuts in it.
Sep 28, 2012 Contractors say 'fiscal cliff' could force layoffs; legal deadline for pink slips looms
Sep 13, 2012 The parent company of Airbus, EADS, is in merger talks with the continent's biggest defense contractor, BAE systems. That could put U.S. leaders Boeing and Lockheed Martin playing a little defense themselves.
Aug 9, 2012 The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars in expected cuts to the Pentagon's budget will have a big effect on them.
May 24, 2012 California Gov. Jerry Brown talks about his plan to balance the state's budget. Currently, California is facing a deficit of close to $16 billion.
May 7, 2012 Here's a phrase you'll begin to hear a lot in Congress: sequestered cuts. Today, the House begins debate on how to deal with the debt crisis.
Feb 13, 2012 More strict austerity measures were passed in Greece over the weekend. What would the equivalent of the cuts look like here at home?
Feb 13, 2012 Overnight, the Greek parliament imposed drastic cuts that will layoff some 150,000 government workers, raise the retirement age and lower the minimum wage by 20 percent. What would the same cutbacks feel like here in the U.S.?