Latest Stories

Aside from borrowers and lenders, neighborhoods are also feeling the subprime burn. Steve Henn reports Congress is considering a new bill to let local governments buy abandoned sites to save neighborhood property values.

The House Foreign Affairs Committee is looking into how skyrocketing oil is affecting this country's national security. John Dimsdale reports the U.S. economy depends on unfriendly governments for more oil.

A lack of cash has forced many consumers to charge food and gas on their credit cards, building a dangerous personal debt. Scott Jagow talks to economics professor Steven Fazzari about where this could lead.

Dissatisfied customers in several states have filed class-action lawsuits against cell phone companies for contract cancellation fees. Jeff Tyler reports to protect themselves, the cell phone industry wants immunity from the FCC.

A new study surveying 400 of the world's biggest oil fields says producing over 100 million barrels a day will be a big challenge in the future. Scott Jagow talks to Stephen Beard about other pessimistic projections from the report.

Circulation and ad revenues aren't just declining at newspapers, they're plummeting. Thousands of reporters and editors have lost their jobs. So how are papers surviving? Alisa Roth reports.

A computer glitch at the Moody's credit-rating service reportedly gave a complicated kind of mortgage-backed security the coveted AAA rating when it should have been rated much lower. And Moody's kept it there for a year. Ashley Milne-Tyte reports.

More than three-quarters of companies now offer flex-time as a way to keep workers happy while maintaining the corporate bottom line. That's an increase of 10% from a decade ago, a study says. Nancy Marshall Genzer has more.

Why do some countries' economies grow and others don't? A World Bank commission says that, among other things, the ones that grow invest in their infrastructure. Commentator Robert Reich says that's what the United States ought to do.

The energy bill approved by the House includes a specific credit for biodiesel, which is promoted as a cleaner way to wean us off petroleum products. But there's a loophole that's giving the biodiesel subsidy a bad rap. Sarah Gardner reports.