Economy

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Senate Votes to Cut President's Tax Cut in Half

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…

U.S. Announces It Will Seize Iraqi Assets

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 and Money

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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Newsmaker: John Snow

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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The Struggling Economy

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.

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The Cost of War

Economists debate how much a war with Iraq might cost the United States.

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Former Qwest Officials Indicted on Fraud Charges

Four former executives from Qwest Communications have been charged with crafting a $33 million fraudulent business scheme, Attorney General John Ashcroft announced Tuesday.

Dividend Debate

Federal Reserve Chairman Alan Greenspan today praised President Bush's tax cut plan and warned about growing budget deficits. Paul Solman assesses the impact of the proposal to end dividend taxation.

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Whose Call?

Tom Bearden reports on the changes to state and federal law that have allowed U.S. residents the option to change their local telephone service.

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U.S. Unemployment Drops in January

The U.S. economy generated new jobs in January at the fastest rate in more than two years, while the unemployment rate tumbled to a four-month low of 5.7 percent, the Labor Department said Friday.