ECONOMY

Philanthropic and business leaders have come together to revive the core of Detroit, which recently filed for federal bankruptcy protection.

A Metro 'Revolution': Cities, Suburbs Do What Washington Can't

3:47pm July 25, 2013

Even as Detroit files for bankruptcy protection, Bruce Katz says many American cities are showing promising signs of renewal. In The Metropolitan Revolution, he writes that, together, cities and suburbs have the power to take on the challenges Washington won't.

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State-appointed emergency manager Kevyn Orr (right) and Michigan Gov. Rick Snyder, at a Friday news conference in Detroit.

Detroit's Emergency Manager: 'There's Just No Money'

9:02pm July 22, 2013

by Eyder Peralta

Kevyn Orr tells All Things Considered the crisis was the city's own making, but it doesn't help anyone to look for blame in the past.

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Detroit Businesses See Opportunity In Bankruptcy

4:48pm July 20, 2013

by Sarah Hulett

In Detroit, many business owners hope that filing for bankruptcy will help the city start fresh and ultimately become a thriving urban center mirroring other cities that recovered from near financial ruin.

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Congress Takes Renewed Aim At Fannie Mae, Freddie Mac

7:45am July 18, 2013

by Chris Arnold

Risky bets by the mortgage giants Fannie Mae and Freddie Mac helped to trigger the financial crisis. After being bailed out by taxpayers and put under government conservatorship, there's new momentum in Washington to dismantle the mortgage giants.

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Bernanke Gives Economic Road Map With Uncertain Timeline

7:11pm July 17, 2013

by John Ydstie

Federal Reserve Chairman Ben Bernanke testified before the House Committee on Financial Services Wednesday, saying that when and how the Fed winds down its stimulus program will depend on economic conditions.

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The Federal Reserve, home of the Beige Book.

Economy

The 'Ask Your Uncle' Approach To Economics

7:11pm July 17, 2013

The Beige Book — a big, official report — is mostly a bunch of stories gathered by talking to businesses around the country.

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Economy

Market Mood Improves After Bernanke Remarks

10:28am July 17, 2013

Stock and bond markets reacted positively to Federal Reserve Chairman Ben Bernanke's remarks on the economy Wednesday morning. Bernanke was on Capitol Hill delivering the Fed's twice yearly update on the economy and Fed policy before the House Financial Services Committee.

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Economy

Rising Interest Rates Worry Banking Industry

5:08am July 17, 2013

by Jim Zarroli

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

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When Employees Need More Than An Advance On Their Paycheck

9:38am July 15, 2013

by Marianne McCune

Some companies offer employees one-on-one financial counseling. The service can be revealing.

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Egypt's Economic Health Needs Outside Help

3:21pm July 10, 2013

Egypt desperately needs foreign assistance to keep its economy from collapsing. The country's neighbors have been stepping up, dwarfing U.S. economic aid since the fall of Hosni Mubarak in 2011. To discuss Egypt's immediate financial issues, Renee Montagne talks to Mohsin Khan, a senior fellow at the Rafik Hariri Center for the Middle East at the Atlantic Council and the former director of the Middle East Department at the International Monetary Fund.

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