Capitol Hill's threats to punish China for undervaluing its currency are starting to aggravate government officials there. They're willing to use China's holdings in U.S. bonds to retaliate, and that could really hurt, Ambrose Evans-Prichard tells us.
The Federal Open Market Committee held interest rates steady at 5.25% today. But as is usually the case of late, everybody was more interested in what the Fed had to say rather than what it did. Amy Scott reports.
The Fed meets this week to set short-term interest rates. It's held them steady for more than a year now, but with further signs of a weakening economy, might we be in for a cut? Ashley Milne-Tyte reports.
The announcement that American Home Mortgage will drastically cut operations and lay off 7,000 may be just the beginning of a crisis in the U.S. lending market. Steve Henn reports on how deep the problem goes.
China has been accused of keeping the value of its currency low to bolster exports. Cheap goods help U.S. retailers but can hurt manufacturers. Jill Barshay reports on the battle in Congress over protectionist measures.