Western European banks poured more than a trillion dollars into the eastern part of the continent during the recent European boom. But now strapped for cash, they're pulling out. Stephen Beard reports.
GM and Chrysler say they need another $14 billion to stay in business. The companies offered survival plans promising draconian cuts in union contracts and other expenses. Janet Babin explores what else will be involved.
President Obama is in Phoenix today speaking to homeowners about his plan to help those who are struggling reduce their mortgage payments. But some skeptics worry about what the plan will cost. Rene Gutel reports.
Greenwich, Conn., is one of the wealthiest towns in America. Known as hedge fund central, the recession is starting to take its toll on the Wall Street bankers who have settled there. Amy Scott reports.
California's Gov. Schwarzenegger is halting public works projects and preparing to lay off thousands of workers as state lawmakers keep failing to approve a budget. As Sarah Gardner reports, this may be a great example of how not to steer a state toward financial recovery.
President Obama is set to unveil his proposal to help homeowners fend off foreclosure and stabilize the housing market. But will all that be possible with one plan? Nancy Marshall Genzer reports.
Struggling automakers GM and Chrysler submitted restructuring plans to the government to show their viability. Kai Ryssdal speaks with John Dimsdale about what is included in the plans.
President Obama will sign the stimulus package into law today, which will include $400 in tax rebates this year and next for every citizen. But instead of a lump sum, the money will be doled out weekly. Dan Grech reports.
Cooking classes have become popular as more people want to save money by eating in. Sadie Babits visits two cooking schools in Portland, Ore. and explores some reasons for the mass return to the kitchen.
Today's the deadline for GM and Chrysler to tell the government how they'll repay taxpayers and become viable again. Janet Babin reports a key to GM's plan is more concessions from its creditors and union workers.
