A major credit reporting agency is saying that the number of mortgage delinquencies is hitting new highs. The main reason people are falling behind is adjustable-rate mortgages. Ashley Milne-Tyte reports.
While England and France favor the projected $250 billion Europe-wide stimulus package, Germany is a bit more reserved. Scott Jagow talks to Stephen Beard in London about the root of the countries' differences.
As many of us see our retirement savings dwindling from the stock market's decline, a natural reaction is to close our wallets. Economist Dan Ariely tells Kai Ryssdal we may want to rethink that notion.
On Tuesday, the Big Three automakers are expected to present their bailout proposal to Congress. But in the face of sobering November sales figures, can they keep a united front? Alisa Roth reports.
For the first part of our series "Close to Home," Steven Cuevas went to a town in the Temecula Valley that just won the right to incorporate in the midst of the failing economy. Steven Cuevas reports on how it's going so far.
Banks want to minimize credit risk, and one way to do that is by not offering so much credit in the first place. This could prove difficult for some consumers who are targets of a credit line cut. Ashley Milne-Tyte reports.
Malls across the country are entering foreclosure as store sales are down and mall owners can't refinance in times of tough credit. Nancy Marshall Genzer looks into the credit crunch's effect on malls nationwide.
About 700 U.S. auto dealerships have closed their doors so far this year as the credit crisis has taken its toll on the automotive industry. Stacey Vanek-Smith reports.
Citigroup is teetering on the edge of collapse, and the Federal Reserve keeps trying to salvage the economy by throwing money at it. Senior Business Correspondent Bob Moon reviews the week's developments in the financial crisis.
Obama's economic team was a big story this week. Kai Ryssdal talks with N.Y. Times columnist David Leonhardt and Atlantic.com writer Megan McArdle about the president-elect's picks and other market news.
