Sears Holdings Corp. reported a 48% decline in quarterly profits as sales continued to fall at its Kmart and Sears stores. Will the slowing economy mean the death of the struggling retailer? Dan Grech reports.
At President Bush's press conference he talked about everything from fighting AIDS to stimulating the economy. But his most passionate topic was why Congress should pass the warrantless wiretapping program. Kai Ryssdal has more.
Congress estimated war costs in Afghanistan and Iraq would reach $1.3 trillion. But economist Joseph Stiglitz is testifying today that number will reach $3 trillion. Jeff Tyler reports the cost also considers veteran health care.
Some economists and pundits have said we should spend our way out of the current economic slowdown. But commentator and economist Susan Lee says it was that same worry-free attitude about buying that got us into the housing crisis in the first place.
Federal regulators for the mortgage securitizers Fannie Mae and Freddie Mac are lifting restrictions on the growth of their mortgage holdings. The caps had been put in place as a response to accounting errors in both companies. Nancy Marshall Genzer reports.
Ben Bernanke went to Capitol Hill to once again express the critical state of the economy. He signaled that the Fed is still deciding whether to cut interest rates. Kai Ryssdal has more.
Federal Reserve Chairman Ben Bernanke meets with Congress today to give an economic report, and many are watching for signs of additional rate cuts. Jeremy Hobson reports how the chairman may describe the Fed's current situation.
In anticipation of a surge in bankrupt banks from the credit crisis, the Federal Deposit Insurance Corp. is recruiting retirees experienced in handling insolvent financial institutions. Stacy Vanek-Smith reports.
There was a big jump in wholesale prices in January showing inflation is rising faster than it has since 1981. Yet home prices are on a steep decline. Jill Barshay reports on what the conflicting figures say about the economy.
As food prices continue to rise, humanitarian food relief groups including the World Food Programme are feeling the squeeze. Host Kai Ryssdal speaks with Bob Bell from the relief group CARE on what his group is doing to combat high costs.
