Treasury Secretary Henry Paulson is in Europe this week, where the European Central Bank will decide whether to raise rates on Thursday. Scott Jagow talks to Stephen Beard about how raised rates might affect the Fed.
Inflation is prompting European regulators to start raising interest rates, a move some worry could send the global economy into an even sharper downturn. Stephen Beard reports.
Before the corn fields flooded, a lot of farmers decided to forgo planting a massive amount of corn to make room for other commodities. Alisa Roth reports many agricultural businesses are in trouble.
A report out from The Bank for International Settlement is drawing parallels between the current economic crisis and severe slowdowns like the Great Depression. Stephen Beard looks into more specifics of the problem.
When Phyllis Allen has seen her business dwindle to half the size of about a decade ago. In our latest in a series on people affected by the credit crunch, Kate Archer Kent looks at how Allen has curbed her spending to cope.
The Fed is getting a lot of heat for not doing anything about the weakness in the dollar and experts all have their own suggestion on what the Fed should do next. Nancy Marshall Genzer reports.
Drought and disease have harmed the crop of cocoa beans, doubling the price in many places. But government scientists are working with the cocoa bean genome to solve the productivity issue. Janet Babin reports.
The Sunshine State is negotiating with U.S. Sugar Corp. to buy land that could be instrumental in saving the Everglades. The deal would put the nation's largest cane sugar company out of business. Jeremy Hobson reports.
It's no surprise falling home prices and rising gas and food costs have Americans on edge, but economists are shocked by just how shaky consumer confidence has become, reaching a 16-year low. Nancy Marshall Genzer reports.
Iron ore is in high demand, and British mining giant Rio Tinto has upped the price almost 100 percent to reflect the boom. Stephen Beard reports because of the way it's traded, the price hike can't be blamed on speculation.
