Credit card companies have launched a new wave of rate and fee hikes this holiday season, including finance charges and increased late penalties. And some experts say this is only the beginning. Jill Barshay reports.
There's going to be a little less new car smell at Detroit's big auto show in January. Nissan's not coming. Kai Ryssdal asks Bloomberg's Doron Levin about the state of the auto exhibition.
Belt tightening, belt tightening, belt tightening. With all the talk about belt tightening as a way to save money, Sean Cole wondered what effect the economy is having on real belts, like leather ones.
President-elect Barack Obama has created an Economic Advisory Board to be led by former Fed Chairman Paul Volcker. Washington Bureau Chief John Dimsdale reports.
Durable goods orders fell 6.2 percent in October, a number that's been falling for three straight months. Consumer spending also experienced its biggest monthly drop in seven years. Steve Henn reports.
The Treasury Department's rescue plan is looking a lot different than what was sold to Congress in September. With so much taxpayer money on the line, the tab's getting bigger than lawmakers imagined. Our Washington Bureau Chief John Dimsdale reports.
In the best-case scenario of the government's latest rescue effort, the Fed buys up outstanding mortgages to get banks lending and consumers spending again. But Senior Business Correspondent Bob Moon asks, Is this going to work?
In the latest installment of the bailout, the Federal Reserve plans to target consumer loans and mortgage-related debt with an $800 billion infusion. It's an effort to get money flowing again in the secondary market that invests in those loans.
This morning, the Fed said it will buy up to $500 billion worth of mortgage-backed securities to get home loans going again, while the Treasury will focus on other loans. Scott Jagow assesses the move with economist Bernard Baumohl.
