Economy

Follow PBS NewsHour’s complete coverage of the Economy, Wall Street and other financial stories.

Federal budget time has arrived again, and the United States is running more than $500 billion in the red. Paul Solman looks at the growing budget deficit and why people are worried about it.

Cingular Wireless won a bidding war for AT&T Wireless Services Inc. on Tuesday, offering nearly $41 billion in cash and beating out the highest offer from British telecommunications giant Vodafone.

The proposed merger between Cingular and AT&T Wireless may reshape the fiercely competitive cell phone market. Ray Suarez discusses the proposed union between the second and third largest U.S. wireless carriers with industry analyst Charles Golvin of Forrester Research.

The Congressional Budget Office released a report today that said the federal budget deficit is expected to climb to $477 billion this year and rise as high as $2.4 trillion over the next ten years. Margaret Warner crunches these numbers…

Former Enron Chief Financial Officer Andrew Fastow pleaded guilty to two counts of conspiracy Wednesday in connection with the collapse of that energy company in 2001. Jim Lehrer discusses the case with New York Times correspondent Kurt Eichenwald and former…

An Italian journalist discusses the investigation into the collapse of Italian food conglomerate Parmalat, which is facing an investigation into whether its founder Calisto Tanzi invented paper assets, funneled money to family companies and used extensive fraud to disguise growing…