A general consensus among analysts seems to favor a grinding, slow recession. But economics correspondent Chris Farrell believes we'll get out of this slump rather quickly next year. He tells Scott Jagow why.
In London, banks are reacting to the Fed cut with lower interbank lending rates, but they're still reluctant to lend. Stephen Beard reports markets will look to Barack Obama's fiscal packages for help out of the slump
With the dust settling from the Madoff scandal, Harvard professor Richard Parker tells Tess Vigeland that more scams may yet be uncovered during this downturn. It's part of what economist John Kenneth Galbraith called "the bezzle."
Bernard Madoff built the foundation for his Ponzi scheme by word of mouth at charity balls and country clubs from New York to Florida. And he's not the only one. Amy Scott reports.
In recent days, foreign investors have been moving away from the dollar, assuming the Fed will cut interest rates again. Stephen Beard explains why they no longer consider the U.S. an investment safety net.
The Federal Deposit Insurance Corporation will likely tackle bank assessment fees when it meets today. It may have to double those fees in order to keep up the amount it needs to maintain in reserves by law. Janet Babin reports.
When the Fed cuts interest rates, it's targeting the rate at which banks lend to each other. But in reality, banks lend to each other at rates much lower. Sarah Gardner explains what a prime rate is and why it affects us.
The fallout from Bernard Madoff's massive investment scam is being felt worldwide and has some people calling for more regulation on hedge funds. Jeremy Hobson reports.
When you want to get people borrowing and spending again and you've exhausted all other options, there's always quantitative spending. Stephen Beard explains this last resort option in our latest Marketplace Decoder.
The Federal Reserve begins a two-day meeting today which will likely result in another rate cut. That could lead to a weaker dollar, and could also coerce investors to take safety in gold. Ashley Milne-Tyte reports.
