Segments From this episode
Executives from Big Oil were in the hot seat on Capitol Hill today, trying to defend billions of dollars worth of tax breaks their companies receive. Jeremy Hobson reports.
Prices on food have been soaring worldwide, including rice, which has doubled in the last couple of months. And the staple for so many people and cultures could get even more expensive. Jeff Tyler reports.
Since Terminal 5 at London's Heathrow Airport opened last week, more than 250 flights have been canceled due to a backlog of 19,000 suitcases that've been parted from passengers. Janet Babin reports on why it's so hard to get luggage from here to there.
Treasury Secy. Paulson's plan to get the financial system under control doesn't address a once-obscure kind of credit insurance that's become an enormous money-maker for some of the country's biggest banks and other rich investors. Bob Moon explains.
Most taxpayers will get anywhere from $600 to $1,200 from Uncle Sam as part of the federal plan to stimulate the economy. But many taxpayers will use the money to pay down debts instead. So, as Rico Gagliano reports, the IRS isn't taking any chances.