The Hope Now Alliance has modified about 150,000 subprime loans since the federal mortgage program's inception. Tess Vigeland speaks with Treasury Secretary Henry Paulson about the program and other government efforts to fix the mortgage crisis.
Federal Reserve Chairman Ben Bernanke called for mortgage lenders to help defaulting homeowners by reducing the principal they owe on their mortgages. John Dimsdale reports banks are reluctant to follow the advice.
Commentator Charles Handy says American corporations are run more like totalitarian states than pillars of democracy. He hopes they can restore their reputations as forces of economic good. Last in a series.
A redesigned $5 bill will be issued on March 13 with enhanced security features that make the bill harder to counterfeit and easier to authenticate. Tess Vigeland talks to Professor Stephen Mihm about what the changes will look like.
The City of London Corporation is worried it may be losing the upper hand to the former Colonies when it comes to international finance. But some say the fuss over top-dog status is all hype, an effort to relax government regulations. Jill Barshay reports.
Overseas capital is increasingly headed elsewhere as the U.S. dollar continues to fall. Future credit will be more expensive, and Americans will have to increasingly rely on their savings. John Dimsdale reports.
Asian markets flirting with oil prices of $103 a barrel at a time when countries are under pressure to hold the line on prices. Bob Moon gets insight into inflationary pressure with Raphael Minder of the Financial Times.
Heating oil prices normally fall around the onset of spring, but this year they're expected to keep rising through a colder than normal season. Jeff Tyler reports on what some are doing to save money.
New problems in the municipal bond market are resulting in cities and municipalities paying record-high interest rates. And with cities making less from property taxes, some have no choice but to declare bankruptcy. Jill Barshay reports.
