A bipartisan measure to be unveiled in the House today calls for both increased border security and a path to citizenship for illegal immigrants — but the Senate appears to be stalled on immigration and that could be a big boost for the status quo.
IRS Commissioner Mark Everson went to Capitol Hill today to explain what the IRS is doing to collect more than $345 billion that taxpayers owe but it can't seem to find. Hillary Wicai reports.
If there were any lingering hopes of an interest rate cut by the Federal Reserve board next week, they were probably dashed by today's Consumer Price Index report. Hillary Wicai reports.
Consumer prices exceeded the Fed's expectations for inflation in February — doubling the January increase — but policymakers may well leave interest rates unchanged when they meet next week to avoid risking recession.
Wal-Mart says it wants a limited banking license so it can save on credit card payments. But a congressman thinks he's found evidence that the retail giant has something bigger in mind. Hillary Wicai reports.
Wal-Mart has a pending application to establish an industrial loan company, but the retail giant insists it's not interested in opening retail bank branches. Now there may be evidence that suggests otherwise. . .
Environmentalists have been pushing people to switch to energy-saving lighting for years. Now even the world's biggest light bulb maker is saying it's a bright idea.
The U.S. is the only economic powerhouse that doesn't guarantee its workers paid sick days. A bill to be introduced in Congress today would change that, but business groups are likely to lobby against it.
Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.
The nation's largest independent sub-prime lender may be the latest victim of the housing slowdown. New Century Financial says the banks that keep its money flowing are cutting the lifelines.
