In 2009 state governments took on a lot of debt. More than $410 billion in new municipal bonds were issued last year, and the borrowing's likely to continue. Adriene Hill reports.
Experts are looking to the repeal of the Glass-Steagall Act in 1999 as they try to assess what went wrong with the financial system. Bill Radke explores just what that is with economics correspondent Chris Farrell.
On a lark, the general manager of the Rancho Bernardo Inn near San Diego thought he'd try to attract more business to the four-star resort by tweeting an offer for a $19 room. Reporter Cash Peters checked in to check it out.
Sales of newly-built houses fell more than 11% last month, surprising analysts who expected an increase of around 5%. After all, sales of previously owned homes were up. So how did the experts get it so wrong? John Dimsdale explains.
The government says personal income rose in November at the fastest pace in six months. And our spending increased as well. So, how pleased should you be? Bill Radke gets the opinion of economist Richard DeKaser.
The number of long-term unemployed in Britain has doubled since last year — 2.5 million people are out of work. It's the only G20 nation still in recesssion. Stephen Beard reports.
National Gross Domestic Product was revised lower
for the third quarter. The number wasn't quite as robust as originally anticipated. Steve Chiotakis talks with analyst Juli Niemann at Smith, Moore and Company.
Community bankers are meeting with President Obama today, who is encouraging the group to make more loans. But regulators are telling small bankers to conserve. Nancy Marshall Genzer reports.
