The World Bank, the International Monetary Fund and the Group of 7 countries meet this week. The topic at hand is one we're all far too familar with — the U.S. credit crunch. Marketplace's Stephen Beard in London talks with Kai Ryssdal about the world view.
Much of America's trade gap with China has been tied to the yuan holding at 8 to the dollar. The U.S. has pushed China to lower that imbalance and today the yuan fell below 7 to the dollar for the first time. But Alisa Roth reports it's a case of being careful what you ask for.
A new survey says most middle-class Americans are worse off financially today than they were four years ago. Kai Ryssdal talks with David Leonhardt of The New York Times about the squeeze middle-class families are feeling.
A bank customer tells Amy Scott that after his bank closed and his second bank had to be bailed out, he has trouble trusting banks in general. He's doing OK now, but only because he trusts the FDIC.
The International Monetary Fund reported today that the credit crisis in the U.S. is affecting mortgage and corporate debt markets around the world. Jeremy Hobson looks into what's going on.
Former Fed Chairman Alan Greenspan has embarked on a public relations campaign as criticism of his interest rate cutting spree of earlier this decade has mounted. He says he has no regrets about any of his policies. Kai Ryssdal has more.
Americans' grocery bills are heading up at the fastest rate in almost 20 years, which poses a problem for supermarkets with razor-thin profit margins. Stacey Vanek-Smith reports.
Rising gas and food prices and the credit crunch may be making it harder for Americans to make ends meet. But economist Chris Ruhm says a tougher economy may also be improving the health of the population as a whole. He explains to Kai Ryssdal.
The Energy Department's summer driving forecast, released today, says demand is expected to be lower this summer than last. But gas prices are expected to average above $3.60 a gallon. Nancy Marshall Genzer reports.
Shareholders' gambles in the mortgage market didn't turn out so hot this year. Today, Morgan Stanley kicks off a season of shareholder meetings. Jeremy Hobson reports on what to expect.