Economy

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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.

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

As troubling economic data continues to be released, war fears appear to be further unsettling an already shaky economy. Ray Suarez discusses the state of the U.S. economy with two experts.