A lack of stability in home prices has made it more difficult for the Obama administration to curb government's role in the country's mortgage-finance giants.
January 31, 2011 The fight over mortgage giants Fannie Mae and Freddie Mac is part of a larger debate about the appropriate role for government in supporting the U.S. housing market. That market is still fragile and heavily dependent on the government-run giants for new home loans.
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January 25, 2011 Safety watchdogs are worried about new "infotainment" systems that force consumers to take their eyes off the road. They think drivers can't handle any more distraction. So far, the federal government is taking a wait-and-see approach when it comes to legislating distracted driving.
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Former Fannie Mae CEO Franklin Raines (right) testifies on Capitol Hill in December 2008. Former Freddie Mac CEO Leland Brendsel (center) and former Fannie Mae chief Daniel Mudd (left) listen.
January 24, 2011 U.S. taxpayers have spent more than $160 million defending former executives at Fannie Mae and Freddie Mac. Meanwhile, the Treasury Department is finishing up a report on how the mortgage giants should be restructured, with the government playing a smaller role in the housing market.
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January 24, 2011 In the economic disaster zone that is Miami, the unemployment rate is over 13 percent, and nearly half of the people with mortgages owe more than their home is worth.
Volunteer gleaners pick squash at Jackson Farms in Pikeville, Tenn.
January 20, 2011 On U.S. farms, gleaning is making a comeback, as a national anti-hunger organization turns to the ancient practice to help feed the poor. And gleaning also gives farmers a way to use produce that would otherwise be wasted.
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Sales of bison meat like this sirloin steak have risen in recent years, as more consumers look for red meat that is lower in fat and cholesterol than most beef.
January 20, 2011 With demand for bison meat outpacing supply, U.S. bison ranchers hope to recruit more people into their industry. A shortage of bison is pushing prices close to record highs.
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January 20, 2011 A separating couple often needs to sell their home to split the money and finalize the divorce. The terrible housing market can make the situation even worse. But there are some real estate agents who specialize in helping such clients move on.
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January 19, 2011 Goldman Sachs' stock fell 2.6 percent after the bank reported 53 percent lower earnings in the fourth quarter. Wells Fargo & Co. also fell 1.9 percent.
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A TextMyFood servers' instruction screen shows pending requests sent via text message from customers.
Courtesy of TextMyFood
January 17, 2011 Some restaurants and bars are trying out a new service that allows customers to communicate with their server via text messaging. The technology is designed to reduce wait times and to increase revenue. But it's getting some mixed reviews at a bar in Cambridge, Mass.
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January 17, 2011 Advertisers still buy highly coveted TV spots during the Super Bowl, but increasingly the consumer connection is made online. From viral Old Spice videos to Volkswagen's "Fun Theory" experiments, marketers are finding creative ways to seek out customers in the digital space.
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Economists agree that the effort to recalculate the tax system should be guided by the principles of efficiency and simplicity.
January 13, 2011 It's a pattern you see over and over: Congress is more willing to approve tax breaks than direct spending, even though the effect on government coffers is the same. As a consequence, the tax code has grown increasingly complicated -- and the list of those calling for a sweeping overhaul is growing.
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January 13, 2011 The process of navigating the rules and regulations of the unemployment office while continuing to look for work can be daunting. Andrew Stettner of the National Employment Law Project and Josh McKenna of the Idaho Department of Labor talk about misconception the process of getting the benefits.
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January 12, 2011 The state's income tax rate is going from 3 percent to 5 percent as lawmakers struggle to close Illinois' budget gap. Most other states face a similar challenge.
January 11, 2011 Justice Elena Kagan delivered her first majority opinion, siding with a credit card company in a bankruptcy case. The dispute involved the 2005 law enacted by Congress to ensure that people who file for bankruptcy pay part of their debt if they can afford it.
January 5, 2011 A fight has broken out between the airline and the online travel sites. It's part of airlines long-term strategy to sell more goodies, like online wi-fi and extra legroom.
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