New York City has lost 11,000 financial sector jobs and expects to lose many thousands more. With Wall Street hemorrhaging jobs weeks before the election, Jeremy Hobson finds out what pink-slipped want from a new administration.
Family practice physician Tanyech Walford has seen her business shrink and insurance reimbursements cut back. For her, the financial crisis means closing her office and leaving L.A. Walford tells her story for our series "What I'm doing."
Many local bank managers say they aren't seeing the level of financial disruption or the liquidity crisis plaguing the upper echelon institutions on Wall Street. Kate Archer Kent visits a local bank in Shreveport, La.
The credit crisis is behaving as if it were a vampire searching around for fresh blood. This time it's the supposedly "recession proof" tech, entertainment and art sectors. Stacey Vanek-Smith has the story.
Treasury Secretary Henry Paulson said the $250 billion bank rescue plan isn't just for the big guys. It's come one, come all — big, medium or small. Ashley Milne-Tyte has more from New York on what Paulson had to say.
Federal Reserve Chairman Ben Bernanke told Congress that the economy is badly in need of a boost and said it's time for a significant stimulus package. Washington Bureau Chief John Dimsdale has more.
President Bush will meet with French President Nicolas Sarkozy at Camp David. It's not likely to lead to a worldwide summit because the president is in lame duck status. But Jeremy Hobson reports on something that might come up.
Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.
Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead? London Bureau Chief Stephen Beard reports.
The recent drop in oil prices might have us smiling at the pump now, but those lower prices could head back up. OPEC is expected to cut production during an emergency meeting next week. Nancy Marshall Genzer has more.
