Alan, you should have known better

Sep 21, 2007
Former Fed Chairman Alan Greenspan wrote in his recently released memoir that he was disappointed Republicans didn't deliver smaller government and lower spending. Commentator Benjamin Barber says he should stop believing the party rhetoric.
Posted In: Washington

A change of course and tone

Sep 20, 2007
Treasury Secretary Henry Paulson let it be known today that the White House has decided to consider letting Fannie Mae and Freddie Mac buy up jumbo loans, something it's been opposed to. And Fed Chairman Ben Bernanke added it better happen soon. Steve Tripoli reports.
Posted In: Economy, Housing, Investing, Wall Street, Washington

Mukasey, a subprime-lender defender

Sep 18, 2007
Michael Mukasey, the president's nominee for attorney general, has been in a private law practice the last year where he helped pick up new clients needing white-collar criminal defense -- such as subprime lenders who might have run afoul of the law. Steve Henn reports.
Posted In: Crime, Washington

We were hoping he'd say something . . .

Sep 11, 2007
Fed chief Ben Bernanke spoke to the Bundesbank in Berlin today. We were all ready for a statement, but he uttered not a word about the little financial crisis we're having.
Posted In: Wall Street, Washington

Bush needs help from GOP friends

Sep 7, 2007
Next week, lawmakers will be voting on a wide array of budget bills. Odds are President Bush will veto anything he thinks spends too much or that hints of a tax increase. But to succeed, says commentator Jeff Birnbaum, he'll need a little help from his friends.
Posted In: Taxes, Washington

Congress not toying around on imports

Sep 7, 2007
Lawmakers will hold hearings later this month into why so many tainted Chinese imports have been showing up on store shelves. Mattel CEO Bob Eckert and a government agency will be on the hot seat. Janet Babin reports.
Posted In: Retail, Washington

Mining companies dig deeper

Sep 4, 2007
Critics say mining companies are sacrificing safety to get every last lump of coal out of the ground. Jeremy Hobson reports that demand and prices for coal are up, giving companies incentive to mine every inch they can.
Posted In: Jobs, Washington

Will Congress bail out lenders? Borrowers?

Sep 3, 2007
Congress returns from recess this week. First up: what to do about the mortgage meltdown and ensuing credit market crisis. Some worry that lawmakers will be too generous with taxpayer money in the fix. Steve Tripoli reports.
Posted In: Housing, Washington

Bush's rescue plan for ARM refugees

Aug 31, 2007
President Bush rolls out a rescue plan for homeowners facing foreclosure when their adjustable-rate mortgages adjust too far. Is it too little, too late? John Dimsdale reports on potential bailouts for lenders and borrowers.
Posted In: Housing, Washington

Careful helping off-shored unemployed

Aug 31, 2007
When Congress returns after the Labor Day holiday, it will debate re-authorizing a program to help U.S. workers who lose their jobs due to imports or off-shoring. But a new proposal could damage the middle class, says commentator Beth Shulman.
Posted In: Jobs, Washington