A Florida fund that for 25 years gave school districts and local governments a safe place to park their investments has lost $10 billion in two weeks. Groups with money at risk led a run on the fund when they got nervous about its investments in subprime loans. Dan Grech reports.
Moody's Investors Service is warning it might soon downgrade $105 billion in debt related to structured investment vehicles. It's the biggest rating cut since the subprime crisis hit last summer, and not at all what the credit industry's looking for. Jill Barshay reports.
Treasury Secretary Henry Paulson says he hopes by the end of the week to have a plan for fixing some of the subprime mortgage meltdown — but it's not going to be easy. Kai Ryssdal has more.
It's no secret the dollar has been falling compared to other currencies this year, but will it impact you? Tess asks economics professor Catherine Mann.
The Bush Administration, big banks and mortgage lenders have been putting their heads together and may have a plan to help out homeowners who have gotten in over their heads. Amy Scott reports.
Irish Prime Minister Bertie Ahern's new raise makes a higher-earning political leader than the U.S. president. Stephen Beard reports that with Ireland heading towards a recession, his inflated income has pretty bad timing.
A thousand migrant farm workers in Miami are marching to Burger King headquarters to protest the fast-food giant's refusal to give them a penny more per pound of tomatoes. Dan Grech reports their last raise was three decades ago.
State and local governments say they're having trouble finding investors for their low-interest municipal bonds. That could lead to taxpayers paying higher interest rates on loans to build and maintain local infrastructure. John Dimsdale reports.
Retailer blames 3rd-quarter profit drop of 99% on a warm October that depressed outerwear sales and increased competition. But the company admits it has a lot to improve on. Janet Babin reports.
Delphi is in bankruptcy court today with the intention of getting out. The company hopes to emerge from the filing this year to avoid severe penalties. Alisa Roth reports on the consequences if they don't pull through.
