Rep. Barney Frank insists banks that receive any of the $700 billion in bailout money use it for lending, not for bonuses or to take over other banks. Washington Bureau Chief John Dimsdale looks into the rules.
The sense of dread in the financial world is no treat, but it'll be a main theme among the tricks played during tomorrow's Halloween festivities. Mitchell Hartman reports on people spooked by the economic crisis who are dressing the part.
Iceland and Hungary have turned to the International Monetary Fund for financial aid. Kai Ryssdal talks with Rhagu Rajan, an economics professor and former IMF chief economist, about the Fund's new, more public role.
DC's Metro transit system could default on a complicated deal and wind up owing foreign bankers $43 million. AIG guaranteed the deal and others like it, leaving at least 31 public services facing defaults too. Steve Henn reports.
The U.S. economy is shrinking, but the buck is making a comeback — in global transactions, at least. Banks are hoarding dollars, so U.S. currency is regaining its allure. Jeremy Hobson has more.
In the third quarter, American GDP shrank by 0.3% — less than analysts expected, but it still showed the U.S. economy shrinking. And, as Sarah Gardner reports, the worst may be yet to come.
A drop in exports is hurting Chinese toy manufacturers, who rely on U.S. demand. Next week, China will help out by subsidizing exporters. Scott Tong looks into the health of the toy industry in China.
When gas prices increased, so did noble things like public transportation ridership and sales of fuel-efficient cars. Now that gas prices are sliding, have bad habits returned? Senior Business Correspondent Bob Moon reports.
Merger talks with Chrysler are "progressing," but GM's troubles are not at bay. The automaker announced another global sales drop and reportedly plans to cut back on new car development. Renita Jablonski asks if that's wise.
Huge corporations like The Carlyle Group and Blackstone got into the private equity business when credit was easy and cheap. But now that the credit market is drying up, will the private equity game go with it? Stacey Vanek-Smith finds out.
