The federal government played hardball by refusing to grant CIT a bailout, leaving it to the bank's bondholders to save it from bankruptcy. The move hints that the bailout spending spree may be winding down. Tamara Keith reports.
U.S. Treasury Secretary Timothy Geithner is working to lessen the federal deficit by selling U.S. bonds to foreign investors. But he's finding it difficult to ease those skeptical of investing in the U.S. John Dimsdale reports.
With commercial real-estate loans failing at an alarming rate, financial firms are creating real-estate investment trusts, or REITs, to buy the mortgages at deep discounts. Jeff Tyler reports.
Companies that made millions in subprime loans are now selling loan modifications to some of the same borrowers, who are now at risk of losing their homes. Kai Ryssdal talks with The New York Times' Peter S. Goodman about how the brokers are doing business.
One way to keep health care costs down is by using electronic medical records. The Obama administration hopes for a fully digital medical world by 2014, but transitioning can be costly. Caitlan Carroll reports.
Tonight is the 40th anniversary of man's first trip to the moon. We hear from people on the street about what they remember from the moon landing. Then Kai Ryssdal talks to author Craig Nelson about his new book 'Rocket Men," based on oral history of NASA and the Apollo missions.
There are some things that people just don't skimp on. For some it's organic food, others refuse to turn off the AC, and some just can't stop pampering their pets. Andrew Kim of Healthy Spot L.A. explains how and why his business is doing well despite the recession.
