President-elect Obama has asked President Bush to request that Congress release the second half of the federal bailout money — $350 billion. But to get some of it, banks will have to jump through a few more hoops. Nancy Marshall Genzer reports.
Citigroup is expected to announce a deal to merge its brokerage house, Smith Barney, with Morgan Stanley. Inside sources say a deal is likely by the middle of the week. Jeremy Hobson reports.
When a landlord goes bust, the bank says bye-bye to their tenants. But a new Fannie Mae policy hopes to offer some relief to renters. Dan Grech reports.
The struggle of homeowners in this tough economy has been in the news, but for millions of renters, a housing payment is a housing payment whether it's a mortgage or a rent check. Sally Herships reports.
The Consumer Electronics Show kicked off this week, promising the latest in gadgets and technology. But in this recession, how is the technology industry responding? Bob Moon speaks with tech expert Kevin Pereira about what's happening at the show.
With President-elect Obama set to take office shortly, it's no surprise that his stimulus proposals dominated the headlines this week. Bob Moon speaks with Fortune Magazine's Leigh Gallagher and Felix Salmon from Portfolio.com about the tough road ahead for Obama.
President-elect Obama's stimulus package calls for billions to be spent on infrastructure projects. But commentator Angela Glover Blackwell says to make the most out of the money — and build up overlooked communities — it needs to be invested in the right projects.
A Congressional oversight panel released a report today that criticizes the Treasury Department's handling of TARP money. Nancy Marshall Genzer reports that Congress now feels it has to clamp down on the department with more oversight.
The Treasury Department is seeking to dip into the second half of the $700 billion TARP money. But since the first half wasn't administered so well, Congress wants to implement new rules before dispersing the rest of the funds. John Dimsdale reports.
A panel overseeing TARP will put out a report today on how well the Treasury Department is handling the economic crisis. The report notes the Treasury has given few details about where the money is going. Janet Babin reports.
