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News In Brief

MID-DAY UPDATE: Money issues with millionaires in Congress and China

Daryl Paranada Sep 7, 2010

President Obama has another plan to stimulate the economy. This time, the plan is to speed up a tax break for companies to build new factories and buy equipment.

Speaking of plans, Detroit officials plan to launch a series of meetings to build consensus on a plan for the Motor City’s future.

Google is expanding and hiring… in Pittsburgh.

British bank Barclays has announced its next CEO: Bob Diamond. But there are already strikes against him.

President Obama’s top economic adviser, Larry Summers, is in Beijing trying to encourage China to strengthen its currency. But will that help the U.S.?

How many millionaires are in Congress? Hmm… take a guess. Quiz master Stephan Richter quizzes our own Steve Chiotakis.

Europe is actually in better economic shape than the U.S. Does that mean we should still be worried about its economic health?

Consumer Reports is rating doctor groups that do heart surgery.

And David Westin, president of ABC News, is stepping down at the end of the year. Insiders say he was pushed out. We talk to a TV critic to find out more

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