Low down on financial woes
Broadcast: Midmorning, 04/02/2008, 9:06 a.m.
The unusual combination of credit crunch, jump in foreclosure rates and high prices for food and oil have everyone from policy makers to consumers reeling. Congress is trying to pass a bill that might prevent more homeowners from losing their homes. Fed Chairman Ben Bernanke also attempted to reassure Republican lawmakers the economy may yet avoid deep recession. Midmorning offers a primer on these strange economic times.
