Economy

Morgan Stanley's Times Square headquarters in New York City.

Morgan Stanley Will Pay $3.2 Billion For Contributing To Mortgage Crisis

12:53pm February 11, 2016

by Camila Domonoske

The investment bank, agreeing that it misrepresented the risk and value of mortgage-backed securities, reached the settlement deal with state and federal authorities.

Global Markets Are Tanking. Why, And What's To Come?

9:48am February 11, 2016

David Greene talks with David Wessel of the Wall Street Journal and the Brookings Institution about the causes and effects of the ongoing slide in global markets.

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Fed Chair Janet Yellen Warns Of Growing Risks To U.S. Economy

10:21pm February 10, 2016

by John Ydstie

Federal Reserve Chair Janet Yellen made clear in congressional testimony Wednesday she sees an economy that faces increased risk. Her assessment was sufficiently downbeat to practically remove the possibility of another interest rate hike at the Fed's next monetary policy meeting in March.

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Japan Is Selling Bonds Guaranteed To Lose You Money

1:43pm February 10, 2016

by Jim Zarroli

With the global economy in turmoil, interest rates on some government debt are falling below zero.

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Low Prices Cause Carnage In The Oil Industry

1:41pm February 10, 2016

by John Ydstie

When you pull up to the gas pump, low oil prices may make you smile. Low prices are wreaking havoc in oil states. We check in with a big oil field services firm based in Texas to assess the damage.

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Economy

Why Work From Home Scams Persist

1:28pm February 10, 2016

by Audrey Quinn

On the Internet your bound to see ads that read: earn thousands of dollars a week working from home. Click on one of them and you enter a world that has ensnared people in money-losing ventures.

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Federal Reserve Board Chair Janet Yellen listens to questions during a House Financial Services Committee hearing on Capitol Hill on Wednesday. Delivering the Federal Reserve's semiannual Monetary Policy Report to the House Committee, Yellen aired caution

Outlook 'Uncertain' For Global Economy, Yellen Tells Congress

1:08pm February 10, 2016

by Bill Chappell

Testifying for the first time since the Federal Reserve raised interest rates, Janet Yellen says volatility in the global markets means that "as is always the case, the economic outlook is uncertain."

How 401(k) Withdrawals Can Complicate Health Plan Subsidies

12:27pm February 09, 2016

by Michelle Andrews

When someone taps into pretax retirement savings, the IRS considers it income. An unexpected withdrawal can change a person's subsidy for health premiums.

Copies of President Obama's budget sit on a table in the Senate Budget Committee room.

5 Things To Know About President Obama's Budget

11:48am February 09, 2016

by Scott Horsley

This is Obama's last chance to give Congress his full policy wish list in budget form.

Contractors who supply workers to farmers say requirements of the Affordable Care Act and the immigration status of many of the workers create a Catch-22.

Farm Contractors Balk At Obamacare Requirements

9:24am February 09, 2016

by April Dembosky

The federal health law is putting farmers in a tough spot. Many contractors supplying workers have to offer health coverage. Insurance is costly, and contractors worry about immigration fallout.

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