Reports of possible bank runs and even an Asian bank cutting off lending to French financial institutions are driving European markets lower this morning. Marketplace's Jeff Horwich explains what that means for Americans and for Wall Street.
Interest rates for banks that borrow from the Fed will remain near zero percent for the next two years. But keeping rates that low for that long is unprecedented and making such a bold statement carries risk.
The Federal Housing Administration today will ask the public for ideas to help clear out the nation's stock of foreclosed homes. One idea gaining steam is to get foreclosed properties off the market by renting them out.