Reports say GM and Chrysler have stepped up merger talks, with GM running out of cash. Toyota, on the other hand, is promoting a new zero-financing initiative for 11 models. Ashley Milne-Tyte has more.
Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue. Mitchell Hartman reports.
Have we made the turn from planning a bailout to managing the recession? What's next for interest rates? For answers to these and other questions, Kai Ryssdal turns to former Fed Board member Frederic Mishkin.
When banks don't lend to each other one side effect is that hundreds of billions of dollars in cash can pile up — unused — at the Federal Reserve Bank. Steve Henn reports that may not be a good sign for the economy.
Local governments are feeling the pinch from the credit crisis. Water, sewer and road repairs are taking a backseat as governments try to scrounge up enough cash to keep cities running. Sylvia Maria Gross reports.
The credit crisis is taking its toll on businesses, but there's optimism in the solar energy sector. Sarah Gardner reports that new technolgies and cheaper materials have improved solar's market potential.
The Fed soon starts lending directly to corporations, plus it's pledged unlimited dollars to foreign central banks. So, just how much is this gonna cost, and where's the Fed getting the money? Steve Henn finds out.
With oil prices slipping below $75, prices for corn, gold and other commodities are also down. That's good news for consumers, but what about the overall economy? Will it spark inflation? Nancy Marshall Genzer has answers.
The latest indication of global economic slowdown comes from something called the Baltic Dry Index. It tracks the price of hauling commodities like oil and grain. Those prices are at the lowest point in five years. Jeremy Hobson reports.
The economy is keeping shoppers out of stores and retail numbers prove it. They dropped to a three-year low. The downward trend is likely to keep holiday shopping lists on the small side this year. Danielle Karson has more.
