The U.S. government announced it no longer needs the three-year Treasury note, because the budget deficit has improved. But some market watchers are already talking about the note's resurrection. Jeff Tyler reports.
A survey this morning reported that April job growth was the weakest in four years. Downturns in the housing and sub-prime lending industries could be spreading, and the impact is being felt on the GDP.
America's investor class celebrates another record-high Dow average while grunts and jarheads bleed in Iraq. Commentator Ben Stein suggests that a universal draft might make us all more careful about future wars.
A report today from the Commerce Department showed prices rose 2.4% in March over last year, and that consumer spending was down in terms of what we got for our money. How will the Fed react? Bob Moon reports.
A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
The dollar continues to fall on world markets, especially against the British pound. It now takes two dollars for every pound — a 26-year high. Good for Britain? Not necessarily. Stephen Beard reports.
Some economists are concerned that conditions are ripe for stagflation and they're drawing parallels to the stagflation economy of the '70s. But Chris Farrell says put your disco shoes away, it's not gonna happen.