Jan 13 Watch Congress Presses Bankers for Answers About Meltdown Bankers from the nation's top financial institutions faced tough questions Wednesday from Congress, which has been investigating what led to the financial collapse and what role banks played. Kwame Holman reports. Continue watching
Jan 13 Watch News Wrap: U.S. Death Toll in Afghan War Up to 14 in Jan. In other news, four American troops were killed in Afghanistan Wednesday, raising the U.S. death toll to 14 for the month; and, the Supreme Court weighed whether to give anti-trust protection to the National Football League. Continue watching
Jan 12 Andrew Moore: 'Detroit Disassembled' An exhibition of photographs by Andrew Moore is on display at the Yancey Richardson Gallery in New York that captures the lost world of Detroit -- abandoned auto plants taken over by plants, burned out high schools frozen in time. Continue reading
Jan 12 Tuesday's Headlines: Federal Reserve Made Record Profit in 2009 UPDATED 12:57 p.m. ET What bad economy? The Federal Reserve posted record profits in 2009, positioning itself to return $46.1 billion to the U.S. Treasury, the central bank announced Tuesday. According to an analysis this morning in… Continue reading
Jan 12 Watch News Wrap: Major Earthquake Strikes Haiti In other news, a major earthquake and aftershocks struck Haiti, and a bombing in Iran killed a nuclear physics professor who had been a supporter of the political opposition. Continue watching
Jan 11 Obama Weighs Bank Fee to Repay Bailout, Cut Deficit The Obama administration is considering levying a new fee on financial institutions to help reduce the federal deficit and to recoup taxpayer dollars used to finance the $700 billion bank rescue. According to a report first published by… Continue reading
Jan 08 Watch Jobless Rate Holds Steady, Dashing Hopes for Speedy Recovery The U.S. economy shed 85,000 jobs in December, keeping the unemployment rate at 10 percent and dampening the outlook for a quick economic recovery. Continue watching
Jan 08 Friday's Headlines: U.S. Loses 85,000 Jobs, Unemployment Rate Holds at 10% The U.S. unemployment rate remained steady at 10 percent for the second straight month, according to a report from the Labor Department. Although that might signal some economic stability, U.S. employers cut 85,000 jobs in December, suggesting that broader… Continue reading
Jan 08 Watch News Wrap: Stocks Muted on Weak Job Numbers In other news, stocks rose slightly Friday despite news that the economy shed 85,000 jobs in December, and the FBI arrested two men suspected of planning terror attacks in New York. Continue watching
Jan 08 Watch Job Growth Stalls as Economic Outlook Remains Murky The unemployment rate held steady at 10 percent in December, according to new figures released Friday. As part of his continuing series of reports on making sense of the economy, Paul Solman travels to Atlanta to gauge the hiring outlook… Continue watching