Economy

The trade deficit for July fell from the month before — by nearly $7 billion. That comes on the heels on some of the best export numbers in two years. Reporter Scott Tong talks with Steve Chiotakis about whether the good news in trade could bring us out of the downturn.

The housing market got us into this mess. And as more and more Americans have been laid off, office buildings have emptied out. All that hits hard for one profession in particular: architects. Jeremy Hobson reports.

President Obama is sticking to his position on tax cuts for the wealthy: he doesn't want them extended. Reporter Scott Tong talks with Jeremy Hobson about whether the president is trying to pit the middle class against the rich.

Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that there should be a process to allow banks, too big and otherwise, to fail. Critics are skeptic such an idea will actually happen.

So we read lots and lots of tech headlines at this show. Facebook's after Foursquare's market; Apple's after Microsoft; Google's after everyone&…

President Obama will be back at work this week, after taking 10 days off in Martha's Vineyard. A lot of bad news came out while he was away. But the president's economic options seem to be limited. Nancy Marshall Genzer reports.

As Hurricane Katrina made its way across the Gulf of Mexico five years ago, most people in harm's way evacuated. Tens of thousands of people chose not to return to damaged neighborhoods. But many have made their new lives nearby – as near as the other side of the lake that flooded their homes.

The government revised downward the nation's annual rate of growth. Scott Minerd, is chief investment officer at financial services firm Guggenheim Partners, talks with Steve Chiotakis about his reaction to Federal Reserve Chairman Ben Bernanke's speech.

A lot of people will be listening carefully when Federal Reserve Chairman Ben Bernanke steps up to the podium to kick off a big central bankers' convention in Wyoming. Will he be more clear about what he thinks the economy needs right now? John Dimsdale reports.

The government has revised the second quarter Gross Domestic Product downward to 1.6 percent. CBS MoneyWatch's Jill Schlesinger talks with Steve Chiotakis about whether this means the nation has experienced all the growth it can muster for a while and if this gives us a better idea of where the U.S. economy is.