The nation's first mandatory market in carbon starts in the Northeast on Thursday when the Regional Greenhouse Gas Initiative holds its first auction of greenhouse gas permits. But the bidding might not be all that hot. Sarah Gardner reports.
All it took was the threat of global economic Armageddon to get you going. Most of you who wrote to us are not too happy about the economic and financial state of affairs our country is facing. Kai Ryssdal reviews some of your letters.
How will the architects of the new rescue plan make sure we, as taxpayers, get a fair price? That's what lawmakers on Capitol Hill were asking today. Bob Moon has more.
Last week, oil was $90 a barrel. Yesterday, it was $120 a barrel. This morning, it was back down to $107 a barrel. Host Scott Jagow talks to Stephen Beard in London to find out what's going on.
Far from Wall Street, Texans are dealing with a different disaster — the aftermath of Hurricane Ike. Nearly two million have no power and Galveston residents are only just going home. Ed Mayberry reports from Houston.
Commentator and economist Robert Shapiro says the $700 billion bailout is going to amass so much debt that it won't be possible for the next president to pursue some of the key programs he's promised.
Where's the government going to come up with $700 billion to buy all the bad assets from banks? It'll borrow it, mostly by selling short-term Treasury bonds. But there could be some long-term consequences for the economy. John Dimsdale reports.
The $700 billion bailout plan proposed by Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke is now in the hands of Congress. Maya MacGuineas of the Committee for a Responsible Federal Budget tells Kai Ryssdal she expects the bill to gain in size.
Proposals for rescuing financial institutions go to Congress this week, but lawmakers worked through the weekend to get a head start. The budget deficit is expected to balloon. Danielle Karson reports.
Wall Street should have won an Emmy for a dramatic series for last week's events. Stacey Vanek-Smith talks with an economist to get some perspective on it all and a forecast of what's to come.
