Clues this morning on the Federal Reserve intentions to help the economy. Federal Reserve Chairman Ben Bernanke told a conference in Boston
that more action from the Fed is needed. Janet Babin reports.
The government reported retail sales rose six-tenths of a percent while the Consumer Price Index rose a tenth of a percent. Jill Schlesinger from CBS MoneyWatch talks with Steve Chiotakis about who the big winners are in this environment of low inflation.
The Treasury Department is due to release its bi-annual report on countries that manipulate their currencies for unfair advantage. China might be on the list for the first time. John Dimsdale looks at what would happen next.
You can catch a glimpse into how well our society's doing with standard economic indicators like the Consumer Price Index. But one Colorado community wanted to go beyond the official statistics and get a better sense of what's working and what's not. Marketplace's special correspondent David Brancaccio reports on Community Indicators.
U.S. Secretary of State Hillary Clinton is worried about expected cuts to Britain's defense budget.
She told the BBC that all NATO countries must make appropriate contributions.
It's the first time in more than three-and-a-half decades that Iran will lead the oil cartel OPEC. Europe correspondent Stephen Beard talks with Steve Chiotakis about what that means for the rest of the world and the oil coming from OPEC.
A meeting is scheduled in the fraud and insider trading case against three former Countrywide Financial executives. Reports say this signal that the SEC may have reached a settlement against the executives. Reporter Janet Babin talks the details with Bill Radke.
Major League Baseball's playoffs resume this weekend with games in Arlington, Texas, and Philadelphia. Postseason games mean extra revenue for the teams involved, and lots of other local businesses. Joel Rose takes us to some businesses in Philly.
One of the most important sources of jobs going forward will be start-ups — developing everything from new software and Internet tools, to more efficient batteries and life-saving drugs. But investment in start-ups has fallen sharply since before the recession, and it's taking a while to come back. Mitchell Hartman reports.