Bank of America, considered one of the "good" banks in the financial meltdown, is now looking for help. As it's been closing the buyout of Merrill Lynch, the bank has been seeking more bailout funds from the government. Ashley Milne-Tyte reports.
With Bank of America seeking more TARP money to ease acquisitions of smaller competitors, can we expect banks such as J.P. Morgan Chase and Wells Fargo to request more bailout funds as well? Mitchell Hartman reports.
Former Fed Chairman Paul Volcker and a group of international financial titans are calling for a series of reforms to fix the broken financial system. Amy Scott reports.
The Senate approved President-elect Obama's request to release the second half of the $700 billion bailout. Obama's team was scrambling to convince wary Senators that there would be more accountability for the rest of the bailout package. John Dimsdale reports.
House Democrats unveiled their $825 billion stimulus plan today. The package devotes billions to new spending and tax cuts, and is likely to grow. Steve Henn reports on the details.
Among the lawmakers unhappy with how the TARP funds are being administered is Oregon Democrat Rep. Peter DeFazio. He speaks with Kai Ryssdal about how the money's being spent and Obama's stimulus plan.
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