The latest unemployment numbers are dismal. Almost 600,000 jobs were lost last month. The new unemployment rate is 7.6%. With job losses mounting, will more companies add to the pile up?
The economy lost a whopping 598,000 jobs in January, more than economists were predicting. Renita Jablonski talks to Bernard Baumohl with The Economic Outlook Group about why the holidays may have helped the spike.
Investment adviser Gordon Grigg is accused of bilking clients out of millions. Some of that money came by using part of the TARP fund as a lure. Ashley Milne-Tyte reports how Grigg turned government into a marketing tool.
The Senate will vote today on a $920 billion version of the stimulus package. Once that happens, the House and Senate will work on a reconciliation between the two versions. John Dimsdale reports what may be cut first.
A report reviewing the bailout found taxpayers overpaid when they invested in troubled financial institutions. In contrast, private firms did very well. Dan Grech explores where the Treasury's losses varied.
There is a lot of blame to go around for the U.S. recession. Some people are pointing their fingers at China. Bob Moon speaks with Marketplace reporter Scott Tong about why.
President Obama's stimulus package is full of lots of proposals to boost our economy. Commentator R. Glenn Hubbard says one cost-effective and easy way to lead us to recovery is lowering mortgage rates.
North Dakota's Democratic Sen. Kent Conrad says he's not satisfied with the current proposals in the stimulus package. Bob Moon talks with the Senate Budget Committee chairman about what he thinks it's missing.
The Bank of England has slashed its rates down to a new low of 1 percent. The bank says the British economy urgently needs the cheaper credit, but not everyone is cheering the reduction. Stephen Beard reports.
Today's financial crisis has driven economists to look back at what happened in the 1930's. Renita Jablonski talks to economics correspondent Chris Farrell about what's different today and what we got from the New Deal.
