This morning, Treasury Secretary Henry Paulson is expected to unveil his plan to use bailout money to thaw frozen consumer lending markets. Steve Henn reports they're expected to invest up to $20 billion in the program.
The mining company BHP Billiton dropped its hostile bid today for rival Rio Tinto — good news to steel companies opposed to the move. Scott Jagow talks to economist Bob McKee in London on why the merger didn't go through.
Book sellers are seeing sales drops across the board, and it's not just because of the economy. Stacey Vanek-Smith reports how discounters are pilfering bookstores' customer base by offering popular titles.
Commentator Jeff Madrick says a lot of our economic problems root from a wage crisis that's been troubling the average worker for 35 years. He shares a list of solutions for our "What's the Fix" series.
In the debate on wage growth, Democrats say poor and middle-class incomes are down, and Republicans say they're up. Who's right? Economist and commentator Justin Wolfers breaks down the data and says they both are.
A U.S. Chamber of Commerce report being released today wants to accentuate that things are worse in union states. Dan Grech reports this pre-empts an Obama administration that's likely to be sympathetic to unions.
This morning, the Fed said it will buy up to $500 billion worth of mortgage-backed securities to get home loans going again, while the Treasury will focus on other loans. Scott Jagow assesses the move with economist Bernard Baumohl.
BHP is blaming the global financial crisis and regulatory worries for not going through with its original multibillion-dollar bid for Rio Tinto. Kyle James reports why steelmakers are breathing a sigh of relief.
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