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economy

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Continuing housing crisis: Ghost suburbs and empty real estate

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Some 1.5 million homes are sitting vacant in the United States, shaking confidence and changing the landscape throughout the country.
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Government gives prepaid debit cards for benefits, consumers get slapped with fees

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More than 40 state governments now have contracts with banks to give unemployment benefits on pre-paid debit cards. Banks are cashing in on the game with fees.
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Americans unprepared for financial disaster

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Too many Americans have already maxed out their credit cards and couldn't get a loan, even in the case of financial emergency.
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Cost of Joplin, Missouri, tornado: $3 billion

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The insured losses in Joplin, Missouri, after the recent disaster could reach between $1 billion and $3 billion.
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Should Wall Street execs from Goldman Sachs be put on trial?

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Executives from the Wall Street firm Goldman Sachs stand accused of lying to Congress, but so far, there's little indication that they'll stand trial.
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Wall Street Banks, Goldman Sachs, Bank of America, and Morgan Stanley, subpoenaed

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The New York Attorney General Eric Schneiderman has subpoenaed major Wall Street banks on the way they packaged mortgage-backed securities.
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Newt Gingrich fights with GOP over budget

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Presidential hopeful Newt Gingrich attacked the Republican budget plan proposed by Paul Ryan. The GOP has been swift in attacking Gingrich back.
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Cost of closing the Mississippi: $295 million per day

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The Mississippi River continues to rise, and the Coast Guard and Army Corps of Engineers are working to contain the damage. But the costs are still high.
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Toyota profits tumble, but for how long?

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Toyota has fallen to the third biggest automaker in the world, as profits tumbled after the earthquake.
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Jobs for college grads: Getting better

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The job market for new college graduates is better this year than it was in a few years past, but unemployment remains high.
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