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Many Automakers Post Record Losses for January

By PBS News Hour

Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a…

Other News: Auto Sales Drop, Pakistan Supply Route Cut

U.S. auto companies reported deep losses in sales Tuesday, while a key supply route was bombed in Pakistan. Judy Woodruff reports on these developments and other news headlines of the day.

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Kennedy Center Offers Non-profits a Helping Hand; NEA Gets New Acting Chairman

The John F. Kennedy Center for the Performing Arts announced Tuesday the creation of a program to provide non-profit organizations free counseling in fundraising, marketing and budgeting to help them weather the current economic crisis.

Was the Wall Street Money Real or Imagined?

Question/Comment: Could you explain where all the money went that supposedly vanished during the Wall Street meltdown? Who has it? Was it imaginary or did it really exist? Paul Solman: All Wall Street values are imaginary. All money is imaginary.

How Much of My Investments Should Be in Gold?

Question/Comment: How much of my investments should be in gold? Paul Solman: Unfortunately, I can’t possibly give you an answer to your question, except to say that none of my investments are in gold (or ever have been). Thus,…

Reporters Assess Effectiveness of Proposed Stimulus Plan

As Congress shapes the stimulus package, the debate rages on over what parts of the bill will be most effective in reviving the country's ailing economy. Business reporters analyze the plan's components.

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In Other News, Senate Debates Stimulus Plan as Pittsburgh Heralds Super Bowl Win

The Senate resumed debate on the $900 economic stimulus package that hit snags among Republicans concerned about the rising costs of the package. Jim Lehrer reports on this and other top news of the day.

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Daschle Cabinet Bid Hits Trouble Over Tax Issue

By PBS News Hour

Tom Daschle, President Barack Obama's choice to spearhead a reform effort of the costly U.S. health care system, fought Monday to salvage his appointment by apologizing for failing to pay back taxes.

Special Online Video: Tummy Tuck Jeans in a New Economic Landscape

In a special online-only video, Paul Solman examines how the company “Not Your Daughter’s Jeans” is faring as currency values, trade alliances and consumer spending shift in the global economic crisis. ]> You can find the answers to all the…

Consumer Spending Drops in December While Savings Rates Increase

By PBS News Hour

Consumers cut spending for a sixth straight month in December and, heeding the impact of the recession-laden economy, boosted their savings rates to the highest level since May, according to the latest round of government reports.