Half of the $250 billion rescue package has already been invested into banks, and there are reports the other half will be used to help banks buy their weaker rivals. Dan Grech looks into the move.
Two rival government agencies are reportedly teaming up to investigate trading in credit default swaps.
At issue is whether traders manipulated this unregulated market to drive down stock prices. Dan Grech reports.
Layoffs were at a staggering 95,000 employees in September, with the financial industry the fourth-largest job cutter. Dan Grech reports Wall Street's bad numbers will start to show in a few weeks.
The bailout package's defeat in the House means no immediate relief for the housing industry. Dan Grech reports from Miami, where homeowners are worried and prospective homebuyers are wondering what their next move should be.
For all we know, Treasury Secretary Henry Paulson licked his finger, stuck it the air, and said "Right, 700 billion." How was that figure arrived at? Dan Grech reports.
The U.S. mortgage debt bailout will extend to toxic assets in foreign banks. But how will it be paid for, and how will it affect the global economy? Scott Jagow talks with Steven Beard in London.
China recently bought $300 million in bonds from Costa Rica in a "checkbook diplomacy" strategy to move the nation's allegiance from Taipai to Beijing, according to a newspaper report. Dan Grech has more.
With the jobless rate up over 6 percent, more people are receiving unemployment benefits and staying on unemployment. That means states are struggling more to pay the bill. Dan Grech reports.
The federal government's takeover of Fannie Mae and Freddie Mac has led to a drop in mortgage rates, making it a lot more attractive to buy a house or refinance the one you have. Dan Grech reports.
The non-profit program called One Laptop Per Child will be teaming up with big business this holiday season to make it easier for anyone to buy one of its $200 models. Dan Grech reports.
