With a weak economy and huge deficits, what do education advocates expect from the next president? For our Interested Parties series, Steve Henn looked into what Washington, D.C. has been doing to improve its public schools.
Congress is holding hearings this week on the U.S. banking industry. Steve Henn reports while many members of Congress would like to be back home campaigning, they want to come up with a post-election plan.
When banks don't lend to each other one side effect is that hundreds of billions of dollars in cash can pile up — unused — at the Federal Reserve Bank. Steve Henn reports that may not be a good sign for the economy.
The Fed soon starts lending directly to corporations, plus it's pledged unlimited dollars to foreign central banks. So, just how much is this gonna cost, and where's the Fed getting the money? Steve Henn finds out.
Presidential candidates Barack Obama and John McCain say they have starkly different plans to restore the U.S. economy. But in reality, Steve Henn reports, the candidates' policies are moving closer together.
The Fed and five other central banks made history by coordinating half-percentage-point interest-rate cuts. That had never been done before. Steve Henn reports how it came about.
Judging from the unemployment figures, the financial crisis is affecting regional economies all over the country. The state of Georgia, in particular, is feeling a lot of the pain. Steve Henn reports.
Later today, three former executives from AIG will testify on Capitol Hill about their company's near collapse. Steve Henn tells the story of how AIG incurred billions of dollars in losses — and where they are now.
The Supreme Court hears its first cases of the term today, it's taking on a more business-friendly agenda. Steve Henn reports why the Court is more willing to take on business cases as part of its docket.
The credit crisis is spreading like a bad flu. It's affecting construction, automakers and retail outlets. And, as reporter Steve Henn learns, more layoffs are on the way.
