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A slowing economy means penny-pinching by consumers. Auto sales in March dropped by as much as 13 percent for General Motors. (MPR photo/Tom Weber)
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.
Guests
David Leonhardt: Staff writer for The New York Times Magazine. His column on economics and business, Economic Scene, appears on Wednesday in The New York Times.
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