Economy

Following the resignation late Thursday of American Airlines chairman and chief executive Donald Carty, flight attendants at the struggling carrier agreed Friday to the wage and benefit concessions that the airline said it needed to avoid bankruptcy.

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As Iraq begins pumping oil for the first time since the start of the war in March, experts consider the future of the Iraqi oil industry and the efforts to restart its system.

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The federal government on Thursday awarded Bechtel Corp. a contract worth up to $680 million to rebuild Iraq's transportation, power, water, and sewage systems following the collapse of the Saddam Hussein regime.

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Spencer Michels reports on some of the technology companies that have high-tech tools in the field that may mean big bucks on the home front.

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Paul Solman looks at how the war in Iraq is impacting the U.S. economy.

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Al Jazeera, the popular Arab-language satellite television network based, has been blocked from reporting on two of the largest stock market trading floors.

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The U.S. Senate reversed itself Tuesday and voted to slash more than half of President Bush's proposed $726 billion tax cut after the White House released a request for $74.7 billion to pay for the initial cost of the war…

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President Bush ordered the seizure of $1.4 billion in Iraqi funds held in U.S. banks, marking only the second time since World War II that the U.S. government has taken ownership of a substantial amount of frozen foreign assets.

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Oil prices have tumbled this week, responding to the uncertainty of war. Business correspondent Paul Solman reports on the volatile oil market.

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Amidst the threat of a possible war with Iraq and other domestic issues, Treasury Secretary John Snow discusses the state of and prospects for the U.S. economy.

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