Whenever a big package makes its way through Congress, it inevitably gets bigger. Items get added. New proposals are proposed. And while the stakes may be higher with the financial bailout proposal, this time's no different. Bob Moon reports.
Even if they don't understand the specifics, your kids probably know that something's not quite right in the financial world. Host Tess Vigeland asks Kiplinger's Janet Bodnar how best to discuss the crisis with children.
President Bush said today that lawmakers agree that "something substantial" needs to be done to fix the financial markets. But first, those lawmakers have to agree as to what that "something substantial" is. Jeremy Hobson has the latest.
The president told the American people today that the legislative process "is sometimes not very pretty." No kidding. Republicans and Democrats remain divided on the bailout plan. Jeremy Hobson fills us in.
Washington Mutual succumbed to the mortgage crisis and was taken over by the FDIC, then quickly sold to JP Morgan. It was the largest bank takeover in U.S. history. Stacey Vanek-Smith asks Tess Vigeland for what this means.
Yesterday's series of moves by Congress members to come up with a bailout plan turned into something of a rollercoaster ride. First there was a deal, then there wasn't, then... Steve Henn sorts it out for us.