IRS Commissioner Mark Everson went to Capitol Hill today to explain what the IRS is doing to collect more than <nobr>$345 billion</nobr> that taxpayers owe but it can't seem to find. Hillary Wicai reports.
We've heard a lot about the big names in subprime lending lately. But people like Frances Geary are struggling to keep their homes as mortgage payments rise. She talked with Jane Lindholm from her Upland, Calif., residence.
China is reportedly planning to stop buying foreign reserves — no small matter when its investments in U.S. Treasury bonds prop up the dollar. Yet, currency traders don't seem worried. Amy Scott reports.
An estimated 70% of Papua New Guinea's population lives in poverty. Men have mostly been the wage earners. But economic opportunities for women are changing traditional gender roles. Skye Rhode reports.
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