Retail sales numbers out today were some of the worst ever recorded. Major retailers reported a 2.3 percent decline over last year. Ashley Milne-Tyte reports on gas prices and the rest of the usual suspects.
In a new book about how America pays for war, Goldman Sachs Vice Chairman Robert Hormats claims Congress and the White House are sidestepping their obligations to pay back their debts. He talked with Kai Ryssdal.
Researchers have stumbled across an interesting correlation between immigration and the economy: The number of migrants apprehended at the Mexican border appears to be a very good predictor of economic growth in the U.S. Dan Grech reports.
It's now seven meetings in a row the Federal Reserve has declined to move interest rates one way or the other. Kai Ryssdal got Greg McBride from Bankrate.com on the phone to get his take on what the Fed might be thinking.
Given the state of the housing market, it wasn't entirely surprising when luxury homebuilder Toll Bros. warned it won't meet its earnings target for the year. Amy Scott reports even the wealthy are feeling some pain.
The Labor Department says unemployment in April ticked up a tenth to 4.5 percent. At the same time the number of new jobs created last month grew at the slowest rate in more than two years. Jeff Tyler reports.
The U.S. government announced it no longer needs the three-year Treasury note, because the budget deficit has improved. But some market watchers are already talking about the note's resurrection. Jeff Tyler reports.