What happens when a billionaire faces Congressional confirmation?

May 20, 2013
Commerce Secretary nominee and Hyatt heiress Penny Pritzker will have to shift her billions to avoid conflicts of interest, and prepare for questions about the family business.

Meet the two new nominees for President Obama's economic team

May 2, 2013
The president has nominated Penny Pritzker to run the Commerce Department, and Michael Froman as the next U.S. trade representative.

MID-DAY UPDATE: U.S. economy up 3.2% , Australia, Trans-Arctic shipping

Jan 28, 2011
The U.S. economy grew by 3.2 percent last quarter, the Commerce Department said Friday, in its report on the nation's gross domestic product. Jill...

MIDDAY UPDATE: December retail numbers, tax refunds and free college

Jan 14, 2011
December retail numbers saw .6 percent increase according to today's report from the U.S. Commerce Department. Jill Schlesinger of CBS/MoneyWatch...

MIDDAY UPDATE: TARP, HAMP, and retail

Dec 14, 2010
Today Jeremy Hobson spoke to former Democratic Ted Kaufman, chair of the Congressional Oversight Panel. About $50 billion of the $700 billion TARP...