World News Center
Yellen in line for Fed No. 2
March 12, 2010San Francisco Federal Reserve Bank President Janet Yellen is the leading contender to be the next vice chairman of the central bank, a senior Obama administration official told CNN Friday.
Retail sales beat expectations
March 12, 2010Retail sales rose in February, the government said Friday, surprising economists who expected a decline.
Health care: Going from broken to broke
March 12, 2010A few nights ago in the historic Renaissance Grand Hotel in St. Louis, Mo., President Obama reassured a crowd of Senator Claire McCaskill supporters that health-care reform wouldn't just be good for their health, it would be good for the health of the country: "I said at the beginning of this thing we would not do anything that adds to our deficit," he said to the clapping audience. "This plan does not do anything to add to this deficit. And that's how we should be operating."
Exxon's growing reliance on expensive oil
March 12, 2010Exxon Mobil outlined plans Thursday that rely heavily on oil from tough to reach places, extracting it from the depths of the ocean, the frozen Arctic and the tar sands in Canada's frozen tundra.
Give money to a jobless friend?
March 12, 2010Dear Annie: I have a very close friend who's been out of work for almost a year now. He was my college roommate: I've known him for almost 20 years and, for about half that time, we worked at the same company. Then he got laid off. Last week one of my kids told me that my friend's youngest son missed out on a ski trip with the rest of his class because of the expense, even though the cost was minimal (to those of us with jobs).
Some nurses paid more than family doctors
March 12, 2010Despite the growing shortage of family doctors in the United States, medical centers last year offered higher salaries and incentives to specialist nurses than to primary care doctors, according to an annual survey of physicians' salaries.
Trying to flunk banks out of college
March 12, 2010President Obama has been waging a war with banks over who gets to dole out cheap student loans backed by the federal government.
Households recovering from economic freefall
March 12, 2010The net worth of American households increased slightly during the final three months of 2009, the Federal Reserve said Thursday.
Financial reform bill coming from Democrats
March 12, 2010Senate Democrats on banking panel plan to release and start working on a financial overhaul bill next week, without Republican support.
Why the U.S. can't inflate its way out of debt
March 12, 2010It's dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process.
