Cities and states need an estimated $1.5 trillion to fix crumbling bridges, roads and utility plants. Taxpayers traditionally have paid for those kinds of projects. But governments are heading for Wall Street to get the job done. John Dimsdale reports.
Citigroup is refunding $18 million to customers across the country for taking money from accounts without notification. Renita Jablonski has more on the "account sweeping program" that brought the company penalties.
Despite speculation that some sort of federal intervention was likely, nothing happened with Fannie Mae and Freddie Mac today. But the pair aren't out of the woods just yet. John Dimsdale reports.
Kids at Camp Millionaire learn how to save, how to cut back on expenses, and how investing can lead to financial freedom as adults. Caitlan Carroll reports.
Shares in Fannie Mae and Freddie Mac suffered yet another meltdown this week, and the government might step in to bail them out. If that happens, shareholders risk losing all their money. Even so, some of them are staying put. Rico Gagliano reports.
Host Kai Ryssdal goes over the week's big financial stories with stockbroker and business analyst David Johnson in Dallas, Texas. Fannie and Freddie, the Russians and gyrations on the stock market come up.
The Federal Reserve chairman says the financial storm isn't over, but inflation should ease. He also speaks of ways to discourage the risk-taking that started the credit crunch. Amy Scott reports.
