Belt tightening, belt tightening, belt tightening. With all the talk about belt tightening as a way to save money, Sean Cole wondered what effect the economy is having on real belts, like leather ones.
The Agriculture Department is expected to report that as many as 30 million Americans are getting food stamps — that's 30 million and rising. Ashley Milne-Tyte reports.
President-elect Barack Obama has created an Economic Advisory Board to be led by former Fed Chairman Paul Volcker. Washington Bureau Chief John Dimsdale reports.
Whether layoffs come in bunches or one by one, it's never fun to be on the receiving end. And it's not much better for those who are left behind. Sally Herships reports.
The Treasury Department's rescue plan is looking a lot different than what was sold to Congress in September. With so much taxpayer money on the line, the tab's getting bigger than lawmakers imagined. Our Washington Bureau Chief John Dimsdale reports.
In the best-case scenario of the government's latest rescue effort, the Fed buys up outstanding mortgages to get banks lending and consumers spending again. But Senior Business Correspondent Bob Moon asks, Is this going to work?
In the latest installment of the bailout, the Federal Reserve plans to target consumer loans and mortgage-related debt with an $800 billion infusion. It's an effort to get money flowing again in the secondary market that invests in those loans.
Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month. The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.
We've been a nation of borrowers for a while now. What might be surprising is the news that we're changing those habits. Retailers are starting to see a preference for cash on the barrelhead. Jeremy Hobson reports.
President-elect Obama announced his economic team today, but he was short on specifics for his economic stimulus plan. Washington bureau chief John Dimsdale reports.
