Both the Obama and McCain campaigns have started stumping on economic issues. Steve Henn reports on the dollars and cents in the nominees' recent speeches.
As the foreclosure rate continues to climb, social workers across the country are starting to notice a new phenomenon: People moving out of their homes and into RVs and cars. Jennifer Collins reports.
History tells us employment tends to lag in the economic cycle. Jobs return once demand for products and services goes up. But commentator and economist Mark Thoma says factors like technology are throwing a wrench into the jobs equation.
More than 49,000 jobs were lost in May, according to the latest government report. That pushed the unemployment rate up half a point to 5.5% — the biggest increase since 1986. Ashley Milne-Tyte reports.
Crude topped $139 a barrel at its high today after a Morgan Stanley analyst said he expects it to hit $150 by July 4. Meanwhile, the dollar fell on news the E.U. central bank might hike interest rates. All that got speculators going. John Dimsdale reports.
New figures from an American think tank show banks in Europe have shouldered the bulk of the losses from the subprime debacle. Stephen Beard looks into why European banks have picked up the larger part of the tab.
A GAO report says omissions and litigation could keep the federal government from recouping $53 billion in oil royalties, even as oil companies enjoy record profits. Sarah Gardner explains.
