This morning, Treasury Secretary Henry Paulson is expected to unveil his plan to use bailout money to thaw frozen consumer lending markets. Steve Henn reports they're expected to invest up to $20 billion in the program.
Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month. The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.
We've been a nation of borrowers for a while now. What might be surprising is the news that we're changing those habits. Retailers are starting to see a preference for cash on the barrelhead. Jeremy Hobson reports.
President-elect Obama announced his economic team today, but he was short on specifics for his economic stimulus plan. Washington bureau chief John Dimsdale reports.
In the federal government's bailout of Citigroup, the bank gets another $20 billion of fresh capital, and taxpayers are on the hook for most of the losses from Citi's toxic assets. Kai Ryssdal talks with John Carney of Clusterstock.com about the details.
Assuming $300 billion in toxic assets on behalf of Citigroup may be a risky move for the Treasury, according to Jane D'Arista of the Financial Market Center. She tells Scott Jagow why she's against the move.
In the latest bailout move for Citigroup, the government plans to cover the bank another $300 billion. Steve Chiotakis talks to Mark Zandy, chief economist at Moodys.com, who thinks this is a good move.
The U.S. government bailout of Citigroup has raised concerns that European leaders may try to ramp up government intervention on the free market. Kyle James reports France's Nicolas Sarkozy is one big example.
The Fed, Treasury and FDIC started Citigroup on another bailout package to help protect its $2 trillion in assets around the world. Scott Jagow talks to Steve Henn about how much is going into the bailout this time.
This week, Scott Jagow and Fortune Magazine's Allan Sloan nominate the biggest turkeys in the fallout from the financial crisis. Topping the list is the government allowing Lehman Brothers to fail, and Allan tells us why.
