Millions of homeowners can't qualify for current low interest rates. If they could, they'd save hundreds of dollars a month on their home loans, which might give them money to spend elsewhere. The president and lawmakers in both parties want to help more homeowners refinance, but critics say it would come at the expense of investors.
Experts say the widening racial wealth gap is caused by more than just a bad economy. They blame deeply ingrained differences in things such as inheritance, home ownership, taxes and even expectations. Meet two families, one white and one black, whose experiences reflect this widening economic divide.
At a World Economic Forum summit, Beijing is making clear its reluctance to take on the role of the global economic savior. At the same time, Chinese business and economic leaders are stressing how large and how crucial a role China plays in U.S. financial stability.
President Obama is crisscrossing the country to sell his jobs plan. Poll numbers show narrow support for the proposal — but also widespread dissatisfaction over the president's handling of the economy. In Ohio, voters are divided over whether Congress should pass it.
The Congressional Super Committee on debt held its first public meeting Tuesday. It is tasked with finding a way to cut $1.2 trillion from the federal deficit over the next 10 years. To find out more about the committee's meeting and whether social programs like Medicare might be affected, host Michel Martin speaks with Bloomberg Businessweek's Roben Farzad.
For another perspective on combating the increase in poverty, Tell Me More turns to Jared Bernstein. He served in the Obama administration as Chief Economist and Economic Adviser to Vice President Joe Biden. He responds to Herman Cain's 999 plan and identifies the impediments of getting Americans back to work.
The Census Bureau said Tuesday that about 46 million Americans were living below the poverty line in 2010. GOP presidential hopeful Herman Cain discusses his ideas for helping the nation's most struggling populations. He says the business sector is the engine of economic growth and it's not getting any fuel. He also explains his 999 jobs plan.
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