The federal budget deficit fell to $247.7 billion in 2006, the smallest amount of red ink in four years. The White House today trumpeted the improvement, but critics say the numbers aren't exactly black and white. Nancy Marshall Genzer reports.
Things are slowly returning to normal for the Lebanese economy, but Ben Gilbert looks at one industry that's still waiting to see whether this was a good year.
Commentator Robert Reich looks at the international community's response to the supposed nuclear testing by North Korea — and says in this case, world leaders should listen to China.
Sprint Nextel chairman Tim Donahue will leave his post at the end of the year. The move comes after a tough year for Sprint, but the company says Donahue is leaving voluntarily. Diantha Parker reports.
Three years ago Eveleth, Minn. might have been heading for ghost town status when its bankrupt iron mine closed. And then a new wind blew through town, all the way from China. Bob Kelleher reports.
So Google buys YouTube for $1.6 billion — another opportunity to make gobs of money selling more ads to more eyeballs. But commentator and marketing expert Adam Hanft says something is being overlooked in the swirl of attention.
Beijing's state pension fund is preparing to make its first investments abroad, putting up to $1 billion into foreign financial markets in an effort to improve returns on its reserves. Nancy Marshall Genzer reports.
With the resignation of its CEO and continued problems for the A380, you might think Airbus is headed for disaster. But it could be poised to hunker down and reinvent as rival Boeing did years ago. Jason Paur reports.
