Wisconsin GOP lawmakers seeking to reduce the state's deficit want to pass a bill that weakens the state workers' union. Steve Chiotakis speaks with Jill Schlesinger, editor-at-large for CBS/MoneyWatch, about how budget woes could influence other states to do the same.
About 800 Americans across the country were asked their opinions on how to solve the U.S. budget deficit. The results did make a substantial dent in the debt.
Fitch Ratings today announced changes to the way it analyzes U.S. state and city pension bills. In a report, Fitch warns the new approach could have some consequences. Dick Larkin, director of credit analysis at Herbert J. Sims & Co., explains.
Higher fuel and food costs pushed up wholesale prices last month. Steve Chiotakis speaks with analyst Peter Cohan this morning to get more information on these numbers.
It's a legal battle that goes back 17 years. Residents of the Ecuadorean Amazon sued Texaco for pollution damages. When Chevron bought Texaco in 2001, the case remained unresolved. And now an Ecuadorean judge has fined the American oil company over $9 billion, and both sides are prepared to fight.
Until now, what stood between you and better cell phone coverage were unsightly, ugly cell towers. But the wireless industry says it has finally found a way to fill in the gaps — with much smaller antennas that can be hung on lamp-posts or buildings.
Steve Chiotakis speaks with Jill Schlesinger, editor at large at CBS/MoneyWatch, about the government's plans to cut its ties with mortgage corporations Fannie Mae and Freddie Mac.
In the March issue of Bloomberg Markets magazine, David Dietz explains how New Markets Tax Credits — part of a program created to help revitalize poor and struggling inner city neighborhoods — is being used to build corporate developments. Dietz speaks with Steve Chiotakis about the implications of the misuse of the funds.
President Barack Obama is talking with business leaders today at the U.S. Chamber of Commerce. The two sides are hope to bridge gaps on hotly debated topics, including health care and financial regulations.
President Ronald Reagan's economic legacy was built on lower taxes and smaller government spending — the foundation of Republican ideals today. On what would've been Reagan's 100th birthday, Steve Chiotakis speaks with Fortune magazine's Allan Sloan about Reaganomics and the former president's impact on today's economic climate.
