Oil prices dropped below $70 a barrel yesterday, something that hasn't been seen in over a year. Now, OPEC will meet next week to consider a production cut. Renita Jablonski talks to Stephen Beard in London.
FDIC Chairwoman Sheila Blair is publicly criticizing the administration's $700 billion bailout package, saying it doesn't do enough to help Americans facing foreclosures. Sarah Gardner reports.
A growing number of hedge funds have gone from big winners to big losers. Highland Capital Management is shutting down two of them, blaming "unprecedented market volatility." Senior Business Correspondent Bob Moon reports.
Have we made the turn from planning a bailout to managing the recession? What's next for interest rates? For answers to these and other questions, Kai Ryssdal turns to former Fed Board member Frederic Mishkin.
When banks don't lend to each other one side effect is that hundreds of billions of dollars in cash can pile up — unused — at the Federal Reserve Bank. Steve Henn reports that may not be a good sign for the economy.
Swiss banks UBS and Credit Suisse are the latest banks to receive multibillion-dollar bailouts. Megan Williams reports how cash from the government and global investors has ended the banks' shareholder risk.
In the midst of an economic maelstrom, why haven't the bank CEOs stepped up to say anything? Scott Jagow talks to economics correspondent Chris Farrell about one financial leader who has come out through everything.
With fuel prices half of what they were three months ago, it's surprising the airlines aren't doing so much better. Rachel Dornhelm reports air carriers are struggling with diminishing demand.
With a global recession on the horizon, the prices are right for companies to seek shelter in other companies. John Dimsdale reports why some consolidation can be expected in every down economy.
Local governments are feeling the pinch from the credit crisis. Water, sewer and road repairs are taking a backseat as governments try to scrounge up enough cash to keep cities running. Sylvia Maria Gross reports.
