The U.S. House passed a $550 billion version of President Bush's tax cut Friday, but the measure has undergone modifications in the Senate where a smaller tax cut bill is expected to emerge next week.
Spencer Michels reports on efforts in California to fight the state's budget deficit problem. The report is the first in a series examining how states are dealing with record budget shortfalls.
Federal prosecutors announced new charges against nine former Enron executives, including former Chief Financial Officer Andrew Fastow and his wife, as the government expands its investigation into the collapse of the Houston-based energy company.
After months of investigations, Wall Street regulators announced a settlement with ten of the nation's largest securities firms. Ray Suarez discusses the agreement with William Donaldson, chairman of the Securities and Exchange Commission.
Securities regulators announced Monday the final terms of a $1.4 billion Wall Street research settlement, ending almost two years of investigations into charges that analysts issued biased research to gain investment banking business.
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.
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.
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.
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.
Paul Solman looks at how the war in Iraq is impacting the U.S. economy.
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