A center point in the debate for the "cash for clunkers" program has been the $1 billion price tag. Beyond the hotly-contested cost, the bill wouldn't just give cash to anyone with a junker. Steve Henn reports.
A grand jury in Houston unseals an indictment today for Texas billionaire Allen Stanford, who surrendered to the FBI yesterday. The SEC accused Stanford of running an $8 billion Ponzi scheme through his bank in Antigua. Steve Henn reports.
Democratic Congressman Jim Oberstar and the Obama administration disagree on a proposed transportation overhaul. The congressman wants to compensate for lost highway funds by hiking the gas tax. Steve Henn reports.
A survey of economists projected that U.S. factory production was at 68 percent of capacity last month. That means roughly a third of all U.S. plants were sitting idle in May. Steve Henn looks for the bright side.
For more than a year, the feds have struggled to determine what regulators should do with banks deemed "too big too fail." President Obama is set to unveil a number of proposals today. Steve Henn reports.
Despite efforts from the government to limit executive compensation, many banks are still paying out huge sums to departing CEOs. Steve Henn reports in collaboration with the investigative newsroom ProPublica.
Regulators are taking a close look at the management and board of directors at some of the nation's biggest banks. Steve Henn reports the feds have already forced some shakeups.
Today, the Treasury Dept will announce which banks get to pay back TARP. But some analysts worry that if regulators let weaker banks try to walk on their own, taxpayers could end up bailing them out again. Steve Henn reports.
Thousands of GM dealers received a letter this week giving them a choice — give up control over a lot of their businesses or face closure. Steve Henn reports.
