The final GDP numbers are in, and the economy grew 4.9 percent in the third quarter, despite the looming threat of recession. Nancy Marshall Genzer looks into why, and reports some economists are still cautious.
Central banks around the world are pumping money into the global financial system to help ease the credit crunch. Jill Barshay also reports that instead of issuing penalty rates, they're lending money at a bargain.
Six months ago the biggest issue in the presidential campaign was Iraq. Now, it's the economy. Kai Ryssdal speaks with Matthew Yglesias, an associate editor at Atlantic Monthly magazine, about the campaigns' shift to pocketbook issues.
Imagine an eBay auction for $20 billion. That's what the Federal Reserve conducted this week to pump cash into our struggling financial system. Banks gobbled the money up at a high penalty rate of 4.65%. Jill Barshay reports.
A poll out this morning says the percentage of people who think a recession is coming is up since last month. But how does an obsession with recession affect the economy? Nancy Marshall Genzer reports.
Five New England banks are pledging $100 million to help certain homeowners battling subprime. But Stacey Vanek-Smith reports the program does pose a risk to home equity, and some think it doesn't go far enough.
The cost of food is rising in China and that's got everyone a little nervous. Host Kai Ryssdal talks to our Shanghai Bureau Chief Scott Tong about the country's inflation and how the government is trying to control the runaway economy.