It hasn't gone unnoticed by Congress that private equity firms are starting to go public. Or that they pay less than half the tax rate public companies do. So yesterday it introduced a bill to even the playing field. Steve Henn reports.
Britain's largest defense contractor managed to escape U.K. inquiries into secret payments made in a massive arms deal, but now that those payments have been traced to a U.S. bank account, the DOJ will likely launch its own investigation. Stephen Beard reports.
It seems there are no exceptions to passport complications, not even for a former high-ranking federal official like commentator Robert Reich. He tells his story.
The White House has dispatched Commerce Secy. Carlos Gutierrez to lobby businesses and Latino groups to get the immigration bill back on track. He tried out his sales pitch on Kai Ryssdal today.
U.S. manufacturers have long complained that China depresses the cost of its currency to gain an unfair trade advantage. A bipartisan group of senators wants the administration to do something about that. Steve Henn reports.
The State Department recently relaxed passport requirements for travel abroad so it could dig out of a mountain of applications. But the temporary fix isn't working. A lot of travelers are stuck and losing money. Bob Moon reports.
Democrats on Capitol Hill are horse-trading their way toward a new energy bill. But in the Senate some controversial amendments are threatening to derail it. Sarah Gardner reports.
Once again the American consumer is riding to the economic rescue. The government says retail sales were up 1.4% in May. But retail consultant Howard Davidowitz figures there's less to the numbers than meets the eye.
A bipartisan group of Senators today is expected to unveil a bill intended to protect U.S. trade interests, in spite of a warning from Beijing that it would react swiftly to American tariffs. Jeremy Hobson reports.
The GOP's annual gala used to be a hot ticket, even at $25,000. But with President Bush's job approval ratings at an all-time low, organizers expect to rake in just half of last year's $15-million haul. Steve Henn reports.
