The Labor Department reports that the total number of people receiving unemployment is close to 5 million. Janet Babin reports why even when recovery comes — and it will — unemployment numbers will stay high.
The Federal Reserve predicts climbing unemployment and an economy that will continue to contract all year. But Fed Chairman Ben Bernanke says weak economic activity means low risk of inflation. Janet Babin reports.
As hedge funds in Greenwich, Conn. fall, so does the real estate. Amy Scott talked revenue loss and surveyed available commercial space around town with real estate agent Steven Greenbush, who works with financial firms.
In a time when many stores are closing and credit is harder to come by, shopping centers have to get creative to find new tenants. Ashley Milne-Tyte reports what some malls are doing to fill the empty retail space.
President Obama heads to Canada today, where he'll have six hours to explain what the "Buy American" provision in the stimulus package means. Dan Grech explores the strong trading relationship the two countries share.
General Motors and Chrysler want more government aid. But with the increasing costs to save the auto industry, some are looking at bankruptcy as an option. John Dimsdale reports.
The auto parts industry employed nearly 840,000 people at its height. But with Detroit struggling, more than a third of those workers have been laid off. Alisa Roth reports.
President Obama unveiled his plan to help save the slumping housing market and stem foreclosures. The $75 million plan is intended to relieve struggling homeowners. Ronni Radbill takes a look at what it entails.
President Obama's car task force will have to decide whether to honor GM and Chrysler's request for more government bailout money or let the companies fall. Janet Babin explores the automakers' sentimental value.
