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.
As credit tightens in the wake of the subprime lending crisis, some analysts warn that it could impact lending in other areas. And that's one more risk factor on the recession pile. Steve Tripoli reports.
The recent global buying frenzy has been fueled by relatively low interest rates on the Japanese yen. Consultant Roger Bootle says the downward turn in stocks could get worse if that flow of cash gets scarce.