The federal budget deficit for 2009 is projected to be three times the size it was in 2008. But one thing that amount doesn't account for is President-elect Barack Obama's stimulus plan. As Bob Moon reports, the deficit may limit what Obama can do to help the ailing economy.
A labor report released today shows that job losses continued to mount in December. That's when the private sector lost 693,000 jobs, a higher amount than expected. Jeremy Hobson reports.
President-elect Barack Obama named a former Treasury official as chief performance officer, a newly created position aimed at reducing government waste. But as Nancy Marshall Genzer reports, the new position sounds awfully familiar.
President-elect Obama is faced with making a difficult decision about where to cap his stimulus so that our deficit doesn't get out of control. But based on what he's heard so far, commentator David Frum thinks he's already gone too far.
Congressman Barney Frank chairs the House Financial Services Committee and has been leading bailout negotiations with the White House. Kai Ryssdal speaks with Frank about what happens with the rest of the bailout money, regulating Wall Street and Obama's stimulus plan.
Not too long ago the recording industry was riding high with massive CD sales. But it faces an uncertain future in the digital age. Kai Ryssdal speaks with Rolling Stone writer Steve Knopper about the state of the music industry.
A new survey says vacancies at shopping centers are approaching a ten-year high. Landlords fearful of losing more foot traffic are keen on keeping their tenants, which puts retailers in a good position to negotiate. Ashley Milne-Tyte reports.
Bad news about the stock markets, jobs, real estate. It can stress anybody out. But a new study from the American Psychological Association says women are more anxious about the economic downturn than men. Sally Herships reports.
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