ExxonMobil made $1,318 dollars a second in Q2, which works out to $10.4 billion for the quarter. Meanwhile, the Senate is taking up a bill that might expand oil drilling in the US. John Dimsdale reports.
A bipartisan congressional report out today finds that 32 Homeland Security contracts worth $34 billion are fraught with, you guessed it: fraud. Hillary Wicai reports on a Senate bill that seeks to change that.
The Federal Reserve's current report on economic activity shows slowing in half of its 12 regional districts. But it doesn't offer many clues about whether the Fed will raise interest rates next month. Hillary Wicai reports.
Ben & Jerry's founder Ben Cohen now runs a non-profit called Business Leaders for Sensible Priorities. Host Kai Ryssdal talks to him about the change from peddling ice cream to trying to cut the defense budget.
The federal government wants to help states transfer disabled Medicaid patients from nursing homes to actual homes. It'll cost almost $2 billion to launch, but they're hoping home care will save money in the long term. Lisa Napoli reports.
SEC regulators endorsed new rules today that will force public companies to disclose compensation packages for their top five corporate executives, including any perk over $10,000. John Dimsdale reports.
The government claims it gives a certain percentage of federal contracts to small businesses, but a report out today says last year $12 billion went to the biggies instead of the little guys. Dan Grech reports.