Oct 2, 2012 Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'
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 28, 2012 Contractors say 'fiscal cliff' could force layoffs; legal deadline for pink slips looms
Sep 25, 2012 In an exclusive broadcast interview, the International Monetary Fund chief urged U.S. leaders to take swift action on the so-called fiscal cliff, and called for European leaders to continue vetting the region's debt crisis.
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.
Sep 12, 2012 Bob Woodward has been writing about politics and power since the '70s when he and Carl Bernstein broke the Watergate story. His latest book takes the reader inside the Obama White House during last summer's debt ceiling crisis.
Aug 16, 2012 Today starts with some more tepid economic news. The number of people applying for unemployment benefits ticked up slightly to 366,000 last week.
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.
Aug 9, 2012 We've talked about the possible effects of the fiscal cliff on the economy, but there will be immediate and duplicate consequences for individuals too.