Soon many state and county offices will be temporarily closed as employees take unpaid leave. But it's not just local governments adopting furloughs to cut costs. Sam Eaton reports.
Three months after President Obama signed the stimulus bill, some of his proposed projects are underway. Tamara Keith visits a work site in Silver Spring, Md., where workers are paving a highly traveled, highly potholed road.
There are some good signs in the banking sector: credit markets are thawing further and some banks are racing to pay back their bailout funds. But where's consumer lending? Jeremy Hobson reports.
Washington is gearing up for a fight over who should regulate our financial system and what steps to take to protect the public from future financial disasters. Steve Henn reports.
California voters rejected a slew of propositions meant to close the Golden State's budget deficit. With so many state and municipal workers, California's like the General Motors of states. But is it too big to fail? Stacey Vanek-Smith reports.
The Obama administration wants a new federal agency to police home mortgages, mutual funds and credit cards, which right now is spread over several agencies. But exactly who will regulate what is still under consideration. Janet Babin reports.
Most of the banks' problems have stemmed from residential real estate. But a wave of losses from commercial real estate loans could tip more banks over the edge. Amy Scott reports.
Congress has passed a measure requiring credit card companies to go easy on struggling borrowers. But that could be bad news for people with sterling credit. Jeremy Hobson reports.
It seems every week another bank goes under. But what happens when that bank is the only one in town? Amy Scott reports on what one bankless Nebraska community is doing.
It took 72 hours for Bear Stearns to crumble. Reporter Kate Kelly wrote about the final days of the investment bank's collapse in her book "Street Fighters" and talks with host Kai Ryssdal about what happened.
