Today the House is expected to pass its version of President Obama's $825 billion economic stimulus plan, while the Senate is also considering its version. Steve Henn reports on what senators are trying to include in the bill.
Even in a downtrodden economy, we could always count on a constant rise in consumer spending every year, if only a slight one. But retailers predict this year, Americans will actually consume less. Steve Henn reports.
Pfizer announced a deal this morning to buy Wyeth for more than $68 billion, which it will do with the help of bailed-out banks. What does this say about the lending health of these banks? Steve Henn reports.
Top officials in the Obama administration visited talk shows over the weekend to remind us that getting over this economy won't be easy. Even with a stimulus package, it will take a while before things get better. Steve Henn reports.
With so much federal money up for grabs, one might think Washington's lobbying industry would be preparing for a bonanza. But, economic woes even have people on K Street feeling anxious. Steve Henn reports.
Treasury secretary nominee Timothy Geithner fielded tough questions from a Senate committee about mistakes on his tax returns and his part in crafting some of last year's biggest bailouts. Steve Henn reports.
Nearly $700 billion in corporate debt will be due in 2009, which is sending firms scrambling to refinance. But with banks struggling and investors afraid of lending, many companies will have a difficult time coming up with the cash they need. Steve Henn reports.
Many troubled banks are weighed down with mortgage and credit-card assets they can't sell or value. One solution that some are pushing for is creating "bad banks" to buy up toxic assets. Steve Henn reports.
House Democrats unveiled their $825 billion stimulus plan today. The package devotes billions to new spending and tax cuts, and is likely to grow. Steve Henn reports on the details.
Citigroup's deal to spin off brokerage firm Smith Barney seems to be the company's first step in selling off businesses and assets that are pulling down the financial services giant. And Citi's deconstruction could lead to more consolidation. Steven Henn reports.
