Today, Fitch ratings downgraded Toyota's credit from triple-A to double-A — the first time the auto maker's rating has dropped in a decade. Steve Henn reports a lowered appetite for cars and a strong Yen are to blame.
This morning, Treasury Secretary Henry Paulson is expected to unveil his plan to use bailout money to thaw frozen consumer lending markets. Steve Henn reports they're expected to invest up to $20 billion in the program.
Billions have been spent on the bailout already, and we've been keeping track. Steve Henn reports where the money went for our series "Tracking the Bailout."
Treasury Secretary Henry Paulson got an earful from members of the House Financial Services Committee over management of the $700 billion bailout and his refusal to act on foreclosures. Steve Henn has more.
President Bush is spending his final days pushing through resolutions on everything from endangered species to the Family Medical Leave Act. Steve Henn reports.
The Senate is meeting today on the nomination of Neil Barofsky, who would oversee $700 billion rescue package. Some feel Barofsky's presence could help remind executives where taxpayer's money should go. Steve Henn reports.
Democratic Sen. Max Baucus has outlined a proposal that would not only guarantee, but mandate health-care coverage for all Americans. Is there enough money to do that? Steve Henn reports.
The first batch of bailout money released by Congress is going fast. Soon, Treasury will have to go back for the rest. This time, though, there are likely to be strings attached. Steve Henn reports.
President-elect Barack Obama holds his first post-election news conference today. Bill Radke talks to Steve Henn, who says his first priority has to be to reassure the nation and the world on the economy.
The auto industry wants a lot from Congress, from a cash infusion to help with the GM-Chrysler merger. Steve Chiotakis talks to Steve Henn in Washington, where auto execs are meeting with House leaders.
